Family Limited Partnership - FLP

  

See: Limited Partnership.

And think about it as including Uncle Joe, Sister Suzy, and Aunty Gin, along with mom and dad.

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Finance: What are Family Offices?0 Views

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Finance allah shmoop what Our family offices Yes yes It's

00:08

a michelman Only three payments of nineteen ninety five and

00:11

it's yours the windy blaster party pack All right so

00:15

this was the founding the great michelman family empire finest

00:20

purveyors of whoopee cushions finger traps and buggers and fake

00:24

dog doo doo While the company rose to great prominence

00:27

and eventually sold itself to a large private equity firm

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for billions Now it has to manage its own money

00:34

as grandpappy michelman said at the closing dinner we no

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longer own our whoopee cushions and we no longer own

00:42

our wealth It owns us on then he just died

00:47

Sorry loved him So the michelman family hard their trusty

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broker one of their lawyers and a banker to comprise

00:54

their family office Another word for awhile Just they're investing

00:59

vehicle in creating a family office Everything is simplified because

01:02

while usually every family member has a set steak or

01:06

ownership percentage in the investing returns and proceeds from their

01:10

collectively managed family office and the michelman family office Invest

01:14

their capital and stocks and bonds and private equity and

01:18

hedge funds and venture capital and real estate and commodities

01:21

And well anything or anywhere the people who run that

01:24

family office believe that they can make bank it's the

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family office through which they would seek to grow their

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capital their wealth their footprint in the world by making

01:33

smart investments in the future So yeah get yourself the

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windy blaster party pack there A huge hit in north 00:01:39.993 --> [endTime] korea Ok maybe not in north korea girls

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