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2. It might surprise you to know that limited partnerships can be formed by families as well as companies. Use the Internet to find out

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2. It might surprise you to know that limited partnerships can be formed by families as well as companies. Use the Internet to find out how to set up a family limited partnership. Who would be the general partners and who would be the limited partners and why? What advantages would this type of arrangement have for the family? What has the IRS said about family limited partnerships

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