WEBINARJune 18, 2008

“THE KKO SHOW”“Family Limited Partnerships-

Everything You Really Need to Know”

“Getting Financing in Today’s Economic Climate-Including Alternative Methods"

(Special Guest- Mike Phillips- Mortgage Store USA)

Hosted by Mark J. Kohler, CPA, Attorney at Lawand

Mat Sorensen, Attorney at Law

www.kkolawyers.comTelephone 435.586.9366 / Facsimile 435.586.9491

© Kyler Kohler & Ostermiller, LLP 2008

Disclaimer- Although the information contained in this Presentation may be extremely useful and helpful, please understand that the presentation of this information does not constitute an attorney-client relationship. Moreover, the information contained in this Presentation is for general guidance only. It is strongly recommended that each individual or entity obtain their own legal advice, particularly applied to their own set of circumstances, facts and specific situation. Kyler Kohler & Ostermiller, LLP is not responsible or liable for any advice that is taken and applied in a situation without direct consultation and representation specific to that individual’s or company’s needs.

Instructor Notes

© Kyler Kohler & Ostermiller, LLP 2008

“Getting Financing in Today’s Economic Climate-

Including Alternative Methods"

(Special Guest- Mike Phillips- Mortgage Store USA)

© Kyler Kohler & Ostermiller, LLP 2008

Home Equity Line of CreditPRO: Good terms. No legal issues.CON: May not be available.

Raising Cash from OthersPRO: No lender involvement.

CON: Watch out for securities issues. May give up some of the bottom line.

Hard Money LendersPRO: Can save a quick deal.CON: Bad terms. Expensive. Not available on all deals.

Deal Structuring and Seller Financing TermsPRO: Can negotiate terms without lender involvement. Limit your risk.CON: May require some negotiating and money down.

Alternative Financing Options

© Kyler Kohler & Ostermiller, LLP 2008

“Family Limited Partnerships-

Everything You Really Need to Know”

© Kyler Kohler & Ostermiller, LLP 2008

Basic Family Limited Partnership

XYZInvestments, LP

(Limited Partnership)

Long TermReal Estate

Projects

XYZEnterprises, Inc.

(S-Corp)

Short TermJoint Venture

Projects

General Partner

1%

100%

Dividends $$

Salary $$ 99%

Partners?

Capital Gain & Rental Income $$

Tax Losses

FamilyLiving Trust

100%

Assets

© Kyler Kohler & Ostermiller, LLP 2008

7 Benefits of Family Limited Partnerships

1. Keeping the Property in the Family. 2. Parental Control. 3. Management. 4. Asset Protection. 5. Buy-Sell Provisions.6. Estate Planning. 7. Gifting.

© Kyler Kohler & Ostermiller, LLP 2008

For more information, please contact us at:

KYLER KOHLER & OSTERMILLER, LLPTel: 435.586.9366 Fax: 435.586.9491

www.kkolawyers.com

© Kyler Kohler & Ostermiller, LLP 2008