Apple Law Firm PLLC represents individuals and Florida Businesses in Jacksonville and the surrounding areas in Florida Business law and Florida Business Formation. Our Florida Business Attorneys and Florida Business Lawyers work with clients in to help them choose the correct entity to use when conducting business.

Florida Family Limited Partnerships are used primarily for small family businesses in conjunction with asset protection or in an effort to avoid the costs, and delays associated with Florida Probate. The Family Limited Partnership is a limited partnership. Often tax professionals value the assets of a Family Limited Partnership at less than market value for the purpose of gifting. There are many rules and cautions about how management and expenses are allocated to avoid improper discounts.

The proper creation and administration of a Family Limited Partnership is very difficult and should not be attempted by individuals without proper legal and accounting input.

If you need help with starting or managing a Florida Business CONTACT our Florida Business Lawyers by email or call us at 904-685-1200 to discuss your situation today.