Recession and Diminished Asset Values Offer Opportunities for Family Limited Liability Companies and Family Limited Partnerships

Publication: GBV LAW View the article Family Limited Liability Companies (FLLCs) and Family Limited Partnerships (FLPs), have long been considered a method to protect and manage a family’s assets more effectively.  However, in addition to those benefits, an FLLC or FLP offers several tax advantages, some of which are actually enhanced in the current economy while real estate and other personal property are at their lowest values in years.