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Limited Partnership (LP)
We prepare and file the government paperwork to set up your limited partnership.
LPs are a popular business structure for many legal, accounting, and other professional firms. LPs are also common for businesses that work on a project basis for a set period of time such as real estate investments.
- Register your business and obtain a federal tax ID
- Attract investors by protecting their personal assets
- We prepare your documents in one business day
A limited partnership (LP) has one or many general partner and one or many limited partners. Each general
partner has unlimited liability for the debts and obligations of the business, while each limited partner is
only liable for the amount they invested in the business.
Limited partners are “silent partners” in that they invest money in the business but do not have
voting power or control over management decisions. LPs offer great potential for attracting investment
capital by adding investors as limited partners.
LPs are a popular business structure for many legal, accounting, and other professional firms. LPs are also
common for businesses that work on a project basis for a set period of time such as real estate investments.
3 Easy Steps
1
Call for pricing in your state and to order by phone.
3
Receive your final approved business package.
What’s Included
We will:Confirm availability of your business name
File your Certificate of Limited Partnership
Act as your registered agent
Obtain your federal tax ID (EIN)
Obtain your state tax IDs
Contact us to hear about formation packages in your state. Choose one that fits your start-up budget and needs.
Excellent service at a price appropriate for start-ups.
Affordable business registration assistance.
I saved countless hours of research and paper work.
DouglasDouglas Thomas Limited
Specialized Expertise
Our entire business is small business incorporation and compliance.
1-on-1 Support
Your dedicated LP specialist handles your incorporation from start to finish.
24hr Filing
We prepare and submit most LP formations in one business day.
Secure
We take the security of your sensitive information seriously. Your filing specialist is a screened U.S. citizen working in our U.S. headquarters.
General vs. Limited Partners
An LP must contain at least one general partner and one limited partner. If you are managing the business in any capacity, you must be a general partner. Only passive owners may be limited partners.
