The Limited Partnership (LP) is one of the most effective asset protection tools available. It can help reduce estate and income taxes, gives flexibility in managing assets while denying creditors access, and divides ownership from control. The Limited Partnership (LP) can be used to hold assets like real estate, investment accounts, cash, equipment, vehicles, expensive business equipment, and private business interests. Included in our fee you will receive:
- One year of consulting from our team of experts
- One year registered agent and registered office service
- A physical business address
- An LP operating agreement that has been written by one of the country’s most prestigious asset protection attorneys. This operating agreement has been written to provide the utmost protection of your assets from creditors in case of a judgment
- Preparation and filing of a Federal Tax ID number
- A deluxe binder with all enclosed documents
- If desired, we can create another LLC as the general partner in order to create complete privacy
Additional benefits for a Limited Partnership:
- Charging order protection
- No corporate income tax
- No personal income tax
- No franchise tax
- No stock tax
- No estate tax
- No inheritance tax
- No gift tax
- No inventory tax
- No state tax of any kind
- The only fees for compliance are the annual filing fees
- Can be formed in 24 hours
- Any entity, domestic or foreign, can be a Limited Partnership (LP) member
- Only the general partner has liability
- A Limited Partnership (LP) can own assets in any state without the necessity of incorporation in that state
