Limited Liability Partnership
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Limited Liability Partnership

2. Forming an LLP

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.

Get your Limited Liability Partnership today.

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