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Limited Partnership
When it's time for investors, a limited partnership may be right for you.
- Bring in limited partners who invest but are shielded from personal liability.
- Designate general partners who manage the business.
Over 1 million businesses have trusted us to get started.
Over 1 million businesses
Over the past 12 years, we've gotten pretty good at helping people launch their businesses. In fact, we've helped over one million of them.
Lifetime customer support
Our customer care representatives in the United States will be there to support you throughout the lifetime of your business.
Crafted by top attorneys
Our attorneys continually maintain our documents to be up-to-date with the latest legal requirements in each state.
Step by Step Guide on Starting your Business.
Easy as 1-2-3
1. Answer a few easy questions in as little as 15 minutes.
2. We'll assemble your documents and file them with the Secretary of State.
3. You'll receive your completed LP package in the mail, along with easy instructions for next steps.
Get Started Today
$149
+ state fees
Basic Limited Partnership Package + Popular Options
Preliminary clearance of your LP's name
Completion and filing of your Certificate of Limited Partnership
Non-personalized partnership certificates
Standard
$259
+ state fees
Basic Limited Partnership Package + Popular Options
Preliminary clearance of your LP's name
Completion and filing of your Certificate of Limited Partnership
Personalized partnership certificates and transfer ledger
Deluxe Limited Partnership kit embossed with your company name
Official partnership seal
Express Gold
$379
+ state fees
All-Inclusive Rush Package
Preliminary clearance of your LP's name
Completion and filing of your Certificate of Limited Partnership
Personalized partnership certificates and transfer ledger
Deluxe Limited Partnership kit embossed with your company name
Official partnership seal
Priority Rush service (7-10 business days)
Discounted, expedited Federal Tax ID (EIN)
Two-day delivery of final package
Ask away. We have answers.
Common questions
What are some advantages of forming a limited partnership?
A limited partnership can take on investors while allowing the general partners to focus on running the business.
Limited partners are shielded from most liability.
Limited partners can leave or be replaced without any need to dissolve the partnership.
Limited partners are shielded from most liability.
Limited partners can leave or be replaced without any need to dissolve the partnership.
In a limited partnership, what is each partner's liability?
The personal liability of a limited partner is limited to the capital that the partner has invested. A general partner is personally liable for all business debts or claims.
How do I create a limited partnership?
You'll need to take some steps to register your LP with your state, but we'll help you through them—from clearing your LP's name to the filing of your certificate. It's also a good idea to create a limited partnership agreement, which spells out details of the partnership.
A specialist is here to help
(866) 679-2319
We're available Mon-Fri 5am-7pm PT,
Weekends 7am-4pm PT
Our agents are based in the United States.
Speak with an attorney
Get legal advice from an independent attorney at a price you can afford.
Form a Limited Partnership (LP) with LegalZoom
A limited partnership is a partnership formed by two or more people, with at least one person acting as the general partner and at least one person in the role of limited partner. The general partner in a limited partnership has management authority and personal liability while the limited partner acts as a passive investor with no management authority. One of the most notable advantages of a limited partnership is that it makes it easier to attract investors since the only liability for limited partners is the capital they invest in the business. Other advantages of a limited partnership include personal asset protection (for limited partners) and pass-through taxation. In order to form a limited partnership, you'll need to file certificate of limited partnership with the appropriate state agency (usually the Secretary of State). It's also a good idea to create a limited partnership agreement, which spells out the details of the partnership. Form a limited partnership online with LegalZoom. The process is simple and affordable.
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