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What does FLP stand for?

FLP stands for Family Limited Partnership

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Organizations, NGOs, schools, universities, etc.
  • Business, finance, etc.

See other definitions of FLP

Other Resources:
We have 108 other meanings of FLP in our Acronym Attic

Samples in periodicals archive:

Overall, the taxpayer transferred family limited partnership (FLP) and limited liability company (LLC) interests with a gross (undiscounted) value of over $34.
The remainder of this column contains a sample form of checklist practitioners might wish to consider using in evaluating entity valuation appraisal reports, such as those prepared in connection with gift and estate tax return reporting of transfers of family limited partnership interests.
1/06/06, aff'g TC Memo 2004-160, the Eighth Circuit held transfers of static to two family limited partnerships (FLPs)--coupled with the transfers of FLP interests to the donor's children on the same day--to result in indirect gifts of stock to the children, because the donors did not present reliable evidence that they contributed the stock to the FLPs before transferring the FLP interests to their children.