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Could I make my children partners in my business?
Comments
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Now if it was their grandfather's business......................0
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The OP talks about partnership. This appears to be a parental settlement so tax ineffective.
I have signifcant concerns about the partnership concept since it is one of joint & several liability. Would it truly be kind to give the kids a share of the debts?0 -
Interesting replies.Thanks to everyone that contributed0
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