- Limited Partnership Agreement
- Certificate of Limited Partnership
- Limited Partnership file set-up
- Complete SS-4, fax, and call or fax IRS to obtain Tax ID Number
- Filing with the Secretary of State
- Certificate of Power and Authority
- Limited Partnership Information Summary Sheet
- Client Copy of Limited Partnership Notebook
- Copies for your CPA
- Schedule of Assets Transferred to the Partnership
- Fractionalized Ownership
- Consolidate Closely Held Businesses
- Establishes a Discrete Business Entity for Business Activity
- Retain Control and Access to Assets
- Tax Planning Option to Divert Income to Children and Grandchildren or to keep income
and appreciation out of taxable estate at death
- Tax Minimization under Certain Circumstances
- Consolidate Investment and Business Interests
- Discounted Gifting May Be Available
- May Defer or Reduce Estate Taxes
- Opportunity Transfer for “New Deal” Entities
- Tax Reduction Strategies in Conjunction with Other Planning Entities
- Facilitates Greater Diversification of Investments and Businesses
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