Asset Protection for Doctors via Family Limited Partnerships
Have you considered a Family Limited Partnership (FLP) to meet your wealth preservation goals? FLP's can make sense for some docs under the right conditions. But all docs? Not even close.
Have you considered a Family Limited Partnership (FLP) to meet your wealth preservation goals? FLP's can make sense for some docs under the right conditions. But all docs? Not even close.
Q. I am a DDS and operate my business as an S-corp. My wife and I own (have a large mortgage) our dental building as an LLC that the practice pays rent to monthly. We keep our rent at a reasonable rat...