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Asset-Holding Companies
An asset-holding company is usually a partnership or limited liability company (LLC) that owns assets such as real estate or securities. The partnerships are often called family limited partnerships (FLPs) because the partners are family members. Senior family members may transfer assets to the FLP or LLC for a variety of reasons, including:Gifting is particularly attractive because such gifts are usually gifts of minority interests, and are entitled to discounts for lack of control and lack of marketability. BMK values such interests and derives discounts that are supported and defensible if disputed by the IRS.