What About Wealth?

Business Partnerships - Landmines and Opportunities

Business Partnerships - Landmines and Opportunities
February 21, 2012
Hosted by Rich Bloomfield and Rick Durfee

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Rick & Rich explore Business Partnerships and the critical role they play in Family, Business, and Dynasty Estate planning. There are many myths and misconceptions about partnerships. Limited partnership have been under assault by the IRS and Congress. Are LP’s dead or are they still useful? What about discounting and valuation? What is a business purpose and why should I care? What about the “new kid on the block” - the LLC? Find out the differences between LLC, LP, LLP, LLLP, and LLLLP. What do all the “L”s mean anyway? What is the difference between General and Limited partnerships? How do we use Business Partnerships for gifting, succession planning, or asset protection? How do we navigate the dangers and the opportunities? Join Rick and RIch to find out what still works, what to watch out for, where the most powerful and effective planning opportunities lie, and how to integrate Business Partnerships into your Dynasty Planning.

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