Limited Liability Partnership
Check Pricing
3-Step Process
Why LegalZoom?
Education Center
LLP Education

Why LegalZoom

Home | Business Formations | Limited Liability Partnership
Limited Liability Partnerships FAQs

How are partnerships taxed?

A partnership does not pay any income taxes, although it may be required to file a tax return. Instead, partnership income "passes through" the business to the partners. Each partner then reports his or her share of business profits or losses on an individual federal tax return.

To learn more and speak with a representative, please call us at (888) 381-8758.