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Jacob and Susan Merritt are going to start a family limited partnership for the benefit of their children. They are going to meet with an

Jacob and Susan Merritt are going to start a family limited partnership for the benefit of their children. They are going to meet with an attorney to discuss the implications and requirements of the family partnership. Jacob and Susan would like to ensure that their assets are protected, their investments are well looked after, and that they, as parents, retain control and management of the assets in the partnership. What rights would the children have to the family limited partnership if the parents are the general partners?  

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