Limited liability partnerships are formed by either:
Filing a certificate with the Secretary of State or
Filing a certificate to convert an existing general partnership to a limited liability partnership
Limited liability partnerships are run like general partnerships in that the partners manage the business directly.LLPs also have a similar degree of management flexibility. Income, losses and gains are passed through to the partners according to the partnership agreement.
To learn more and speak with a representative, please call us at (888) 381-8758.