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FAQs

What is a Guaranteed Payment?

A guaranteed payment is a specific term in the Internal Revenue Code, which is defined as payments to a partner (in a partnership) or a member (in a limited liability company) in his or her partner… Read More

What is a Family Limited Partnership (FLP) under Montana law?

A Family Limited Partnership (FLP) is a limited partnership made up of family members. The advantages of this kind of partnership are tax savings, asset protection, and asset control. FLPs allow ge… Read More

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Montana Government and Law

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