Archivo septiembre, 2002

In the US, what is a Family Limited Partnership?

In the United States, you can reduce your estate by transferring a family-owned business, real estate, stock, etc., to your children by establishing a Family Limited Partnership (FLP). The benefit of a FLP is that you and your spouse can maintain control over your assets as the general partners. Each of your children can be given limited partnership shares, which can be given annually to make use of the $11,000 annual gift exemption. The FLP allows both spouses to retain control no matter how much of the assets are transferred to the children. In fact, as limited partners, the children cannot sell or transfer their shares without the parents’ approval. As for the examples above, the shares of the limited partnership are discounted since there is no market for them.

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Which method of payment an exporter should use?

These are the factors should an exporter consider when determining which payment method to use:
Credit standing of the buyer, political and economic conditions in the buyer’s country, exchange controls in the buyer’s country, the value of the export, customary payment practices in the exporter’s industry and payment methods offered by the exporter’s competitors.

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