Family partnerships attempt to divide the income of a business among family members in order to decrease the overall tax burden of the family unit.
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Q5: Both individual general partners and S corporation
Q6: Typically, family-owned businesses are operated as passthrough
Q7: Owners of a small business often minimize
Q8: If a business is operated as a
Q9: If a business is formed as a
Q11: A family partnership can be used to
Q12: Following the rate reductions of the Tax
Q13: Family partnerships are generally created when the
Q14: Transfers of equity interests to family members
Q15: A family partnership can shift taxable income
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