The ________ is a transfer of ownership strategy for an owner to transfer the company to his/her children while retaining control over it him/herself.

Question

Quizplus · Accepted Answer

The family limited partnership is the most appropriate choice for transferring ownership of a company to children while retaining control. This allows the owner to transfer ownership to their children as limited partners while retaining control as the general partner. This also allows for potential tax savings and asset protection. The other options listed are not specifically designed for transferring ownership of a company.

The ________ Is a Transfer of Ownership Strategy for an Owner