The LLC's operating agreement provided several non-tax reasons for creating the LLC, including (1) avoiding fractionalizing
ownership, (2) keeping the assets within the extended family, (3) protecting the assets from future unknown creditors and (4) providing flexibility in managing the assets that would be unavailable in other entities.
That to forge a ruling coalition progressives are engaged in fractionalizing
the population into as many aggrieved groups as possible does not contradict their urge to centralize.
George Wimmer and his wife established a limited partnership whose purpose, the court said, was to "increase family wealth, control the division of family assets, restrict nonfamily rights to acquire such family assets and, by using the annual gift tax exclusion, transfer property to younger generations without fractionalizing
Whether it is removing hazards, chemical dispersion, changing physical properties, fractionalizing
, functionalizing, measuring or any other element of toll mixing, this firm is said to handle it in innovative ways.
Yet self-selection into networks and communities risks segregating and fractionalizing
outcomes, which is threatening to social cohesion and to important concerns about equity.
keeping the voting in one place, not fractionalizing
the assets," Madison Murphy said.
Unfortunately, such contemporary issues, and Concord's can-of-worms political fractionalizing
and backbiting, get less than perfunctory acknowledgment from Maynard, whose biography lists serving as a consultant and visiting scholar for the Henley-funded Walden Woods Project.