THE GENERAL RULE: This is a controversial issue, with Proponents and Opponents on both sides. This is my opinion after researching the topic. However, let’s first look back into history regarding the LLC. The Family Limited Partnership has been used in many jurisdictions for many years. This entity has been used as an excellent asset protection entity in most states for many, many years. The one issue that some would have with the Family Limited Partnership (FLP), or just