Selling a family limited partnership (FLP) interest—especially one tied to a professional firm—can trigger extensive capital gains exposure, with layered federal and state taxes reducing after-sale liquidity. When the original basis is low and the sale price is high, the tax hit can be substantial. Traditional strategies rarely account for advanced structuring opportunities, leaving sellers with limited options to retain more value or optimize the outcome of their life’s work.

A family limited partnership sold a consulting firm interest for $18,000,000. Under a conventional sale, the total tax liability was $4,605,600, reducing their net after-tax proceeds to $13,394,400. The tax burden significantly reduced available capital, limiting flexibility for reinvestment, estate planning, and wealth preservation.