Unfortunately, we do not assist with Limited Partnerships (LPs). We do, however, provide a formation service for Limited Liability Partnerships (LLPs).
A limited partnership (LP) and a limited liability partnership (LLP) are both forms of business entities that offer limited liability protection to their owners. However, there are some key differences between the two. A limited partnership is a business structure that consists of at least one general partner and one or more limited partners. The general partner has unlimited personal liability for the debts and obligations of the partnership, while the limited partners have limited liability and are not personally responsible for the partnership's debts beyond their investment.
In contrast, a limited liability partnership is a business structure where all partners have limited liability. This means that each partner is not personally liable for the debts and obligations of the LLP, and their personal assets are protected. LLPs are typically used by professional service firms such as law firms, accounting firms, and consulting companies.
Click here to view our LLP formation package.
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