Family Limited Partnership

Family Limited Partnership (FLP): An Overview
A Family Limited Partnership (FLP) is a type of Limited Partnership where interests are held by members of the same family, offering advantages in gift and estate tax reductions but limiting complete ownership freedoms.
Minority Discount: Market Value Reduction
A detailed exploration of Minority Discount, a reduction from the market value of an asset due to minority interest owners' inability to direct business operations.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.