Why Choose a Limited Partnership (LP)? Increasingly, individuals are turning to limited partnerships (LPs) to protect their wealth. LPs offer the unique advantage of allowing continued control over assets while safeguarding them from lawsuits and creditors. Additionally, they can help reduce gift and estate taxes.

If You Want To Learn More About The Following Limited Partnerships Contact Our Team Today:

• Fundamentals of a Family Limited Partnership
• Formation of a Family Limited Partnership
• Structuring a Family Limited Partnership
• Uses of a Family Limited Partnership
• Transferring Assets to a Family Limited Partnership
• Creditor-Proofing Assets with a Family Limited Partnership
• When the Charging Order Fails
• Personal Liability Protection with Family Limited Partnerships
• Bankruptcy and Family Limited Partnerships
• Combining Family Limited Partnerships with International Trusts
• Combining Family Limited Partnerships with International LLCs
• Reducing Estate Taxes
• Maximizing Protection with Family Limited Partnerships

A Reliable Business Structure Known for its stability and effectiveness, the limited partnership, often referred to as a family limited partnership (FLP), has been a cornerstone of asset protection and estate planning since the adoption of the Uniform Limited Partnership Act in 1916. Its long history demonstrates its reliability in preserving wealth.

How Elevate Legal Services LLC Can Assist You We specialize in setting up family limited partnerships and have a proven track record of protecting our client’s assets through this structure. Our expertise ensures that your wealth is shielded effectively, providing peace of mind in the face of potential legal challenges.

Choosing the Right Entity for Your Needs When it comes to protecting personal assets, you have several options. Each entity type has distinct features and benefits. The choice of entity should be based on your specific needs and goals, whether for conducting business, reducing taxes, estate planning, or asset protection.

Considerations for Selecting an Entity:

• Active Business Operations: Compare LPs with sole proprietorships, LLCs, and corporations.
• Tax Reduction and Estate Planning: Evaluate LPs against various trusts, LLCs, and other asset titling methods.

Our attorneys at Elevate Legal Services LLC are here to help you navigate these choices and select the best entity for your circumstances.

Contact Us for Assistance For expert guidance on forming a limited partnership and protecting your assets, reach out to Elevate Legal Services LLC. Contact us online or call (561) 770-3335. Let us help you secure your wealth with the right legal strategies.