 A limited liability partnership is a partnership entity offering its partners, both general and limited, a limited amount of personal liability for the debts of the partnership. It is a relatively new entity form, but in some cases provides a good alternative to a general partnership, in which the partners have unlimited personal liability for the business’s debts. In most states, a limited liability partnership is created by registering an existing general partnership using a state-provided registration or qualification form. This attorney-prepared packet contains: - LLP Registration Kit Information
- LLP website links
- LLP Registration Instructions & Checklist
- Limited Liability Partnership Agreement
State Law Compliance: Designed for use in all states. Among others, this form includes the following provisions: - Name and Business
- Term
- Capital Contribution
- Profits and Losses
- Management
- Transfer of Partnership Interests and Rights
- Waiver
- Amendment
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