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The enterprise owner, generally known as the General Partner makes a gift of his or her business pursuits to the newly created FLP. The GP status allows the proprietor to retain control and administration of the e

For family enterprise house owners, property planning is crucial to the success of the business. If you have not already drafted an property plan that features the succession of your business, begin today. As is the case with succession planning, you m

About 40% of family-owned businesses turn into second-generation businesses; approximately 13% are passed down efficiently to a third generation, and 3% to a fourth technology or past (Businessweek.com, . Much of enterprise owners’ internet worth

That is why it is advised that one considers making a Will to avoid these issues. Apart from the obvious proven truth that it is preferable and maybe more assuring for a person to appoint executors who would be certain that his wishes expressed within

The use of trusts usually are not needed for each consumer, but trusts can present key benefits that help in transitioning a enterprise from one group of owners to the subsequent in a tax-efficient method. This white paper will explore the usefulness o