Unwinding and Exiting Family Limited Partnerships and LLCs

This presentation will introduce and discuss FLPs and LLCs generally, their planning purposes, leverage discounts, cohesive investments, and access to capital markets. Reasons for keeping or terminating FLPs or LLCs will be explored, and rules for distributing different kinds of property will b given. An overview of liquidation of assets and distribution of cash and pro rata in-kind and non-pro rate will be addressed.