J. investor who runs a family limited partnership with his wife, Ann, and their children.
Dealmakers buy a building, stuff it into a limited partnership and sell shares in the partnership.
Then, he and his wife, Lee-Hwa, each transferred limited partnership shares into a GRAT.
The thing for Joe to give away would be units in the family limited partnership.
FORBES: IRS Position On Wandry Decision Makes 2012 Gifting More Difficult
But a different ploy, sometimes called a charitable family limited partnership, is much dicier.
The partners in 600 Grant Street Limited Partnership are finding this lack of forethought rather expensive.
FORBES: The Tax Shelter from Hell - U.S. Steel Tower in Pittsburgh
As I have frequently mentioned, the key to having a family limited partnership work is good execution.
FORBES: Fifth Circuit Upholds Keller Decision - Shows Power Of The Family Limited Partnership
Last month Playboy Enterprises announced that "a limited partnership controlled" by Hugh M.
He bought out the last partner in 1989, and in 1998 took the company public as a master limited partnership.
FORBES: Pipeline Tycoon Dan Duncan Worth $9.8 Billion At Death
The idea was to replace the limited partnership structures at venture firms with a much broader base of ordinary investors.
To raise relatively cheap capital and avoid tax at the corporate level, the company reorganized as a master limited partnership.
The wind lobby would also support an expansion of the master limited partnership provision to include wind and solar energies.
FORBES: Wind Energy: Twisting and Turning and Getting Bent out of Shape
The donor contributes assets to a partnership, becoming the general partner and keeping at least 1% of the limited partnership shares.
After a time, Mom and Dad, who own almost all of the partnership, begin giving limited partnership units to the kids.
Plains is organized as a master limited partnership, able to duck corporate taxes so long as it distributes income to partners.
Master Limited Partnership Magellan Midstream Partners ( MMP) is involved in the transportation and storage of oil in the United States.
FORBES: Protected From Oil Price Fluctuations, This MLP Is A Buy
People with FLPs should consider gifting an equivalent amount of limited partnership interests, so as to decrease the value of their estate.
FORBES: Estate Planning Moves To Consider Before 2010 Is Done
The IRS recognizes a discount on the value of limited partnership interests.
"This will be an innovation as important as the creation of the limited partnership model back in the 1970s, " says Ted R.
Mr. Ota suggested that Dr. Liljestrand form a limited partnership and transfer the real estate held by the trust to the partnership.
FORBES: Family Limited Partnerships Require Good Planning and Execution
You might not be able to use a family limited partnership to leverage the exemption, whatever the exemption might be, next year.
FORBES: Fifth Circuit Upholds Keller Decision - Shows Power Of The Family Limited Partnership
This is a perfect fact pattern for a solid family limited partnership.
FORBES: Family Limited Partnerships Require Good Planning and Execution
It is not a federally exempt nonprofit corporation, a C corporation, an S corporation, a limited liability company, a general or limited partnership.
One is the mutual fund, and one is a public limited partnership that we distribute to the general public through the broker-dealer network.
Kinder and Morgan set their firm up as a master limited partnership, an obscure structure that had one key advantage: no corporate income taxes.
FORBES: Kinder Morgan To Buy El Paso In $21B Wager On Natural Gas
The limited partnership form of business organization permits a great deal of variance with respect to the rights of the general and limited partners.
FORBES: Pensions Funds: Funding Unsavory Practices of Venture Capitalists (May 1, 2000)
Hi-Crush, structured as a limited partnership selling units to investors, intends to pay out its available cash quarterly after paying expenses and establishing reserves.
Huntingdon retained an approximate 30% interest in the REIT through the ownership of Class B limited partnership units of a subsidiary of the REIT.
FORBES: FAM Real Estate Investment Trust Completes $58.8 Million Initial Public Offering
Some tax planning--for example, using a family limited partnership to reduce the taxable value of gifts--holds up best when it's done for nontax reasons, too.
Closer to home, consider owning assets within a family limited partnership (FLP) and taking advantage of leveraged gifting in order to reduce your taxable estate.
应用推荐