Form a Family Limited Partnership. Wealth transfer + valuation discounts.
A Family Limited Partnership (FLP) holds family investment assets in one entity. Parents (general partners) retain management; children (limited partners) own most economic interest. Gifts of limited partnership interests qualify for valuation discounts (typically 20-40% off NAV) due to lack of control and lack of marketability - moving wealth to the next generation more efficiently than direct gifts. We form the FLP, transfer assets, and coordinate with your estate planner.
How we handle Family Limited Partnership, end-to-end.
A Family Limited Partnership (FLP) holds family investment assets in one entity.
Asset selection
FLP holds investment assets: marketable securities, real estate, business interests. Operating businesses with active management generally not put in FLPs (IRS scrutiny). Best assets: passive investments with longer-term hold.
Entity formation
FLP formed as a state-law limited partnership (LP). Parents are general partners (manage); children are limited partners (own economic interest). Operating agreement specifies management, distributions, transfer restrictions.
Asset transfer
Initial assets transferred to FLP in exchange for partnership interests. Parents receive small general partnership interest plus limited partnership interest; gifts to children eventually transfer LP interest.
Gift planning
Annual gifts of LP interests to children (or to dynasty trusts for grandchildren). Each gift qualifies for valuation discount. Annual gift exclusion ($18K/year/donee 2025) applies. Larger gifts use lifetime exclusion ($13.99M 2025).
A clean handoff, in four steps.
You give us the basics. We handle the state, the IRS, and the compliance clock so you can focus on the business.
A name that's actually available.
Real-time check against the state register, USPTO trademark database, and matching domains.
Filed with the Secretary of State.
We submit your Articles, pay the state fee on your behalf, and return the stamped certificate.
EIN + the right tax setup.
Federal Employer ID with the IRS, plus state tax accounts when your business needs them.
Registered Agent + deadline tracking.
Your agent on file in every state, with every renewal and annual report tracked in one calendar.
Transparent family limited partnership pricing.
Government fees pass through at cost. No upsells.
Standard FLP
FLP formation, operating agreement, asset transfer coordination. Estate planning attorney coordination for gift planning integration.
Get startedFLP + valuation appraisal
FLP plus qualified appraisal of the discount applied to LP interests. Required documentation for gift tax filings. Appraisal by independent business valuation firm.
Get startedComplete wealth transfer plan
FLP plus Grantor Retained Annuity Trust (GRAT) plus dynasty trust for multi-generational wealth transfer. Coordinated with estate planning attorney. For high-net-worth families ($10M+ estates).
Get startedAbout the Family Limited Partnership (FLP) Service.
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Recommended add-ons
Most customers add these to keep their business compliant year-round.
Registered Agent
Most orderedRequired for every registered business entity in every state.
Compliance Monitoring
Best valueTrack every annual report, registered agent renewal, and license deadline.
Annual Report Filing
RecommendedAuto-file your state annual report. Never miss a deadline.
Premium compliance, no service-fee markup.
Trust you can verify
SOC 2 Type II audited platform. 220,000+ businesses served. 60-day money-back on service fees. State fees passed through at cost with no hidden markup. Explicit AUP on restricted industries.
A compliance partner, not a transaction
Most providers go quiet after checkout. We auto-track every annual report, registered agent renewal, and license deadline across your entities. The Business OS dashboard keeps your compliance score visible year-round.
Premium experience competitors cannot match
Premium positioning, transparent pricing, no service-fee markup on state or federal filings. Premium positioning, transparent pricing, no service-fee markup on state filings.