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FAQs

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…

Is there a standard shareholder agreement for closely-held Montana businesses?

Unlike mandatory documents like bylaws or articles of incorporation, shareholder agreements are not technically required by Montana law. But shareholder agreements can be very beneficial for small…

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