💨IMPACT LEVEL 1 — MEH
Epstein File EFTA00506026: Large_file_1mb_plus, Solicitation and Warrant (DS9)
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A document discussing the structure of a Family Limited Liability Company (FLLC), explaining how managing members can operate assets without consent from non-managing members, and how this allows for generational wealth transfer with potential tax advantages.
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PersonKeyword
Excerpt 1
of
managing members and non-managing members
As the managing members of an FLLC, the senior generation may buy, sell, or otherwise operate FLLC assets **without**
Excerpt 2
**consent**
of the non-managing members
As with an FLP, this structure allows gifts of membership interest to the junior generation to be valued at a discount
Excerpt 3
The lapse of time between the gift and the contribution to the partnership is an additional consideration.
2. for the issuer of the stock are not favorable, and
- the tax consequences of the delivery
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