Skilled Attorneys For LLC And Family Limited Partnerships In Atlanta
Last updated on March 12, 2026
Business owners in Atlanta and throughout Georgia often want to protect the companies they built while preparing for the future of their families. Estate planning tools such as limited liability companies and family limited partnerships can help create long-term planning structures.
At Hodges Law Firm, LLC, our lawyers work with families across Atlanta and throughout Georgia to incorporate these structures into thoughtful estate plans. The goal is to preserve family assets and maintain control while creating a framework that supports generational planning.
What Is A Limited Liability Company And How Does It Protect Assets?
A limited liability company, or LLC, is a legal entity created under state law that allows individuals to hold assets while limiting personal liability. In Georgia, LLCs are governed by the Georgia Limited Liability Company Act (O.C.G.A. § 14-11-100 et seq.).
Atlanta estate planning attorneys often incorporate LLC structures when families want to organize business or investment assets in one entity. LLCs may provide several estate planning advantages, including:
- Separation between personal assets and business liabilities
- Transferable ownership interests that may be passed to family members
- Centralized management of business or investment assets
These features can help families structure ownership and protect assets within a broader estate plan in Georgia.
What Is A Family Limited Partnership?
A family limited partnership, commonly known as an FLP, is another legal structure used in estate planning. Partnerships are governed by statutes such as the Georgia Uniform Partnership Act (O.C.G.A. § 14-8-1 et seq.).
In an FLP, one or more family members serve as general partners and control management decisions. Other relatives may hold limited partnership interests, allowing them to share in ownership without managing the partnership.
How Can LLCs And FLPs Protect Assets In Estate Planning?
When structured as part of an estate plan, LLCs and family limited partnerships may help protect family wealth. Examples of protective features may include:
- Limiting personal liability connected to business property
- Structuring ownership among family members in a controlled way
- Creating barriers that may discourage claims from creditors or former spouses
These structures can support long-term asset preservation while allowing families in Atlanta and throughout Georgia to maintain oversight of their holdings.
Speak With Atlanta Estate Planning Lawyers
Call 678-608-1746 or reach out through the online contact form to discuss how our Atlanta lawyers can help integrate LLCs or family limited partnerships into your Georgia estate plan.