Register Your
Limited Liability Partnership
In Just 10 Minutes
Typically only business owners in professions that require a state license in order to practice, such as accountants, architects, attorneys, chiropractors, doctors, dentists, etc., are allowed to form LLPs. An LLP is similar to an LLC: all partners have limited liability for business debts, but be aware that in many states the protection of limited liability partnerships are less than what LLCs or corporations receive.
Only $49 + State Filing Fee
It's Simple and Easy
1. Fill out application
2. Sign & Submit
3. We Process Document
4. Receive Updates
Advantages of Limited Liability Partnership (LLP)
With LLP formation, typical advantages include:
- Limited liability protection. Partners are not held personally responsible for business debts and liabilities (the limited liability partnership does not protect against liability for partners’ actions, however).
- Pass-through taxation. No tax is paid at the business level. Profits or losses are reported on the partners’ tax returns, and any tax due on business income is paid at the individual level.
- Conversion from general partnership. LLPs typically offer easier conversion from a general partnership to an LLP than to an LLC or corporation.
- Flexible management. Partners have more flexibility in management structure and can determine which partners are responsible for day-to-day operations.
- Few formal requirements. A limited liability partnership has fewer formal requirements and annual paperwork than corporations.
Why Choose Us?
EXPERIENCED PROFESSIONALS
Our team of experts is here to provide you with all the knowledge and expertise you need to get back to focusing on your business.
FAST & RELIABLE SERVICE
Our secure online account will allow you to quickly and easily complete all the necessary steps to help get your business off the ground. With our quality service and expertise, we’ll make sure your application is being processed correctly.
AVOID THE HEADACHES
Rather than taking the time and effort to research how to do the paperwork yourself, let our experts manage it for you. We are dedicated to making your business process as easy as possible so you can build your brand.
AVOID COSTLY MISTAKES
Our easy-to-use forms will help guide you every step of the way. Getting it done the first time correctly allows you to get back to your business quickly so you can follow your passion while we handle the paperwork.
Limited Liability Partnership (LLP) FAQs
Most frequent questions and answers
A Limited Liability Partnership (LLP) is a partnership in which a partner’s personal assets are shielded from claims of malpractice, negligence, or other wrongful acts committed by other partners or employees of the LLP, so long as the partner didn’t participate in or supervise any of the wrongful acts.
In most states, yes. However, in some states the LLP entity is restricted to certain licensed professionals such as attorneys and accountants and may also include architects, medical professionals and a few other specified licensed professions.
This is often one of the requirements contained in state statutes, but even if not required, it is always prudent to have a personalized agreement among the partners describing their respective rights and obligations.
Some state statutes, particularly those that limit the formation of a LLP to certain licensed professionals, require that the LLP maintain a minimum net worth, post a bond, or provide evidence of malpractice or liability insurance coverage to remain in good standing as a LLP. Even in states where a LLP is not restricted to designated professionals, evidence of liability insurance may be required as a condition for registration.
Yes. The LLP registration is really a process for creating a LLP for an existing general or limited partnership. Most states have a procedure for an existing general or limited partnership to vote to become a LLP and thereafter file a Certificate of Registration to convert to the LLP form.
No. A LLP is treated as a “pass-through” tax entity like other partnerships so that profits and losses flow through to the individual partners who report their share on their personal tax returns and pay tax due at individual tax rates.
As a limited liability entity, a LLP is often subject to a state “franchise tax” that may be in a fixed annual amount or a calculated amount based on income, assets, or other factors.
Driving Businesses Forward
Every day, we help businesses capture more opportunities and meet their goals.
Register Your
Limited Liability Partnership
In Just 10 Minutes
Typically only business owners in professions that require a state license in order to practice, such as accountants, architects, attorneys, chiropractors, doctors, dentists, etc., are allowed to form LLPs. An LLP is similar to an LLC: all partners have limited liability for business debts, but be aware that in many states the protection of limited liability partnerships are less than what LLCs or corporations receive.
Only $49 + State Filing Fee
It's Simple and Easy
1. Fill out application
2. Sign & Submit
3. We Process Document
4. Receive Updates
Advantages of Limited Liability Partnership (LLP)
With LLP formation, typical advantages include:
- Limited liability protection. Partners are not held personally responsible for business debts and liabilities (the limited liability partnership does not protect against liability for partners’ actions, however).
- Pass-through taxation. No tax is paid at the business level. Profits or losses are reported on the partners’ tax returns, and any tax due on business income is paid at the individual level.
- Conversion from general partnership. LLPs typically offer easier conversion from a general partnership to an LLP than to an LLC or corporation.
- Flexible management. Partners have more flexibility in management structure and can determine which partners are responsible for day-to-day operations.
- Few formal requirements. A limited liability partnership has fewer formal requirements and annual paperwork than corporations.
Why Choose StartABizzy.com
Our knowledgeable staff has years of experience. Do what you love, let us handle the paperwork.
EXPERIENCED PROFESSIONALS
Our team of experts is here to provide you with all the knowledge and expertise you need to get back to focusing on your business.
FAST & RELIABLE SERVICE
Our secure online account will allow you to quickly and easily complete all the necessary steps to help get your business off the ground. With our quality service and expertise, we’ll make sure your application is being processed correctly.
AVOID THE HEADACHES
Rather than taking the time and effort to research how to do the paperwork yourself, let our experts manage it for you. We are dedicated to making your business process as easy as possible so you can build your brand.
AVOID COSTLY MISTAKES
Our easy-to-use forms will help guide you every step of the way. Getting it done the first time correctly allows you to get back to your business quickly so you can follow your passion while we handle the paperwork.
Limited Liability Partnership (LLP) FAQs
Most frequent questions and answers
A Limited Liability Partnership (LLP) is a partnership in which a partner’s personal assets are shielded from claims of malpractice, negligence, or other wrongful acts committed by other partners or employees of the LLP, so long as the partner didn’t participate in or supervise any of the wrongful acts.
In most states, yes. However, in some states the LLP entity is restricted to certain licensed professionals such as attorneys and accountants and may also include architects, medical professionals and a few other specified licensed professions.
This is often one of the requirements contained in state statutes, but even if not required, it is always prudent to have a personalized agreement among the partners describing their respective rights and obligations.
Some state statutes, particularly those that limit the formation of a LLP to certain licensed professionals, require that the LLP maintain a minimum net worth, post a bond, or provide evidence of malpractice or liability insurance coverage to remain in good standing as a LLP. Even in states where a LLP is not restricted to designated professionals, evidence of liability insurance may be required as a condition for registration.
Yes. The LLP registration is really a process for creating a LLP for an existing general or limited partnership. Most states have a procedure for an existing general or limited partnership to vote to become a LLP and thereafter file a Certificate of Registration to convert to the LLP form.
No. A LLP is treated as a “pass-through” tax entity like other partnerships so that profits and losses flow through to the individual partners who report their share on their personal tax returns and pay tax due at individual tax rates.
As a limited liability entity, a LLP is often subject to a state “franchise tax” that may be in a fixed annual amount or a calculated amount based on income, assets, or other factors.
Driving Businesses Forward
Every day, we help businesses capture more opportunities and meet their goals.
Register Your Limited Liability Partnership
In Just Under 10 Minutes
- Reliable, affordable, and guaranteed
- The Fastest and easiest way to create an LLP
- We will process your documents in as little as 1 business day
Only $49 + State Filing Fee
It's Simple and Easy
1. Fill out application
2. Sign & Submit
3. We Process Document
4. Receive Updates
Advantages of Limited Liability Partnership (LLP)
With LLP formation, typical advantages include:
- Limited liability protection. Partners are not held personally responsible for business debts and liabilities (the limited liability partnership does not protect against liability for partners’ actions, however).
- Pass-through taxation. No tax is paid at the business level. Profits or losses are reported on the partners’ tax returns, and any tax due on business income is paid at the individual level.
- Conversion from general partnership. LLPs typically offer easier conversion from a general partnership to an LLP than to an LLC or corporation.
- Flexible management. Partners have more flexibility in management structure and can determine which partners are responsible for day-to-day operations.
- Few formal requirements. A limited liability partnership has fewer formal requirements and annual paperwork than corporations.
Why Choose StartABizzy.com
Our knowledgeable staff has years of experience. Do what you love, let us handle the paperwork.
EXPERIENCED PROFESSIONALS
Our team of experts is here to provide you with all the knowledge and expertise you need to get back to focusing on your business.
FAST & RELIABLE SERVICE
Our secure online account will allow you to quickly and easily complete all the necessary steps to help get your business off the ground. With our quality service and expertise, we’ll make sure your application is being processed correctly.
AVOID THE HEADACHES
Rather than taking the time and effort to research how to do the paperwork yourself, let our experts manage it for you. We are dedicated to making your business process as easy as possible so you can build your brand.
AVOID COSTLY MISTAKES
Our easy-to-use forms will help guide you every step of the way. Getting it done the first time correctly allows you to get back to your business quickly so you can follow your passion while we handle the paperwork.
Limited Liability Partnership (LLP) FAQs
Most frequent questions and answers
A Limited Liability Partnership (LLP) is a partnership in which a partner’s personal assets are shielded from claims of malpractice, negligence, or other wrongful acts committed by other partners or employees of the LLP, so long as the partner didn’t participate in or supervise any of the wrongful acts.
In most states, yes. However, in some states the LLP entity is restricted to certain licensed professionals such as attorneys and accountants and may also include architects, medical professionals and a few other specified licensed professions.
This is often one of the requirements contained in state statutes, but even if not required, it is always prudent to have a personalized agreement among the partners describing their respective rights and obligations.
Some state statutes, particularly those that limit the formation of a LLP to certain licensed professionals, require that the LLP maintain a minimum net worth, post a bond, or provide evidence of malpractice or liability insurance coverage to remain in good standing as a LLP. Even in states where a LLP is not restricted to designated professionals, evidence of liability insurance may be required as a condition for registration.
Yes. The LLP registration is really a process for creating a LLP for an existing general or limited partnership. Most states have a procedure for an existing general or limited partnership to vote to become a LLP and thereafter file a Certificate of Registration to convert to the LLP form.
No. A LLP is treated as a “pass-through” tax entity like other partnerships so that profits and losses flow through to the individual partners who report their share on their personal tax returns and pay tax due at individual tax rates.
As a limited liability entity, a LLP is often subject to a state “franchise tax” that may be in a fixed annual amount or a calculated amount based on income, assets, or other factors.
Guaranteed Satisfaction
Registering your Limited Liability Partnership (LLP) with the state can sometimes be a hassle. StartABizzy.com can help with simplifying the process, making sure you are filing it correctly and you’re on the right track to avoid costly mistakes. Start your Limited Liability Partnership (LLP) today with our unbelievable low-cost price. We’ll help you save money by not having you pay for any extra services we provide to our clients.
Driving Businesses Forward
Every day, we help businesses capture more opportunities and meet their goals.