“When they were born, I gifted. It's a family limited partnership. So the general partner, which is me, still can, you know, I have all the flexibility in the world to make distributions.”

David Senra · From a $27,500 Charter Company to a $4 Billion Private Jet Giant | Kenn Ricci, Flexjet

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What was described

gifted shares of a family limited partnership to his children at birth, retaining control as general partner

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