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Family Limited Partnerships should be considered in business succession planning
By TODD GALLINGER, Guest Columnist   
One major problem facing many successful business owners is planning for succession — who will take over the business and under what terms. Sometimes, an owner may simply sell the business to a third party, but many times there is a desire to keep the hard-earned business assets within the family. Navigating through the emotional family issues and practical management problems are major issues, but so is determining the legal structure an intra-family transfer should take.
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