competition in focus magazine A Family Limited Partnership is like a limited partnership for business assets in that you and your family members will have control over a mutual pool of assets. There are two different types of Family Limited Partnership interests: General Partnership interest and Limited Partnership interests. arihant magazine The General Partnership interest allows you to have control over the funds and how they are used. The Limited Partnership interest keeps your involvement at a minimum. As with a business partnership, each partner (or family member) has access to a specified amount of funds when the assets are distributed focus magazine.
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