As a Ventura County estate planning law firm specializing in family partnerships, our firm commonly recieves questions about family partnership options. We have a team of experts with the legal knowledge to answer questions about the process of choosing a family partnership, and what the benefits of proper estate planning can be.
Our firm can provide expert legal services as estate planning attorneys. We are a Southern California based law firm in business since 1985. We specialize in family partnerships and estate planning matters.
To learn more about family partnerships, or if you would like a free consultation to learn if a family partnership is right for you, please do not hesitate to contact us at (805) 482-2282, or e-mail us.
Limited partnership versus general partnership?
There are two types of partnerships: general and limited.
The advantages of a limited partnership are (1) your heirs, the limited partners, have no say in management, (2) it is harder for creditors to get at a limited partnership interest.
On other hand, the advantage of a general partnership is that it does not have to pay the $800 per year state franchise tax that a limited partnership incurs for the right to exist in California.
It is our privilege to guide clients through estate planning decisions
