Tangible Book Value Per Share (TBVPS).

The tangible book value per share (TBVPS) is a measure of a company’s book value that excludes intangible assets such as goodwill. Goodwill is an intangible asset that is created when one company acquires another company at a price that is higher than the fair market value of the acquired company’s assets. The TBVPS can … Read more

Family Limited Partnership (FLP).

A family limited partnership (FLP) is a limited partnership formed by family members for the purpose of owning and managing family assets. The general partner is usually a family member who manages the FLP, and the limited partners are usually other family members. The main advantage of an FLP is that it can help preserve … Read more