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What Does LLLP Stand For?

People working at desk. Text says "What is an LLLP?"

Have you ever come across the abbreviation LLLP and wondered what it stands for? Many people are unfamiliar with this acronym. But understanding its meaning can be helpful in various situations. In this article, we’ll explain the definition of LLLP and provide tips on when to use it. What is an LLLP? An LLLP, or […]

The Pros and Cons of Setting up a Family Limited Partnership

Family with a family limited partnership.

A family limited partnership, or FLP, can be an effective tool for managing and protecting assets. It can offer asset protection benefits and tax savings, but it may come with risks as well. With careful planning, a family limited partnership can provide families with the opportunity to enjoy financial stability and security for generations. What […]