Form Your Limited Partnership Today
If you need to form a Limited Partnership for your business, The Company Corporation can help. A Limited Partnership provides some protection from liability for certain partners. Limited partners contribute capital to the business but cannot participate in its management. These limited partners have limited liability for business debts and obligations. General partners manage the company and have unlimited personal liability for judgments against the business.
To obtain pricing and place an order, please contact a Business Specialist at 800-818-6082 (toll-free) or 302-636-5440.
Will a Limited Partnership Protect Your Assets?
Only the limited partners in this type of partnership can protect their personal assets from judgments against the business. We find that many customers select a Limited Liability Company (LLC) instead of a Limited Partnership for the following reasons:
- An LLC allows all members to protect their personal assets.
- LLC members enjoy pass-through taxation. They can report business profit and loss on their personal tax returns.
- The extent to which an LLC member participates in management of the business can be determined in its operating agreement.
How to Form a Limited Partnership
You can place an order as follows:
- Contact us at 800-818-6082 (toll-free) or 302-636-5440.
- Tell us you want our help forming a Limited Partnership.
- We gather basic information about your company and your payment details.
- We send you the application form to sign and return to us for filing.
- We return the approval notice to you when the state accepts your request.
Start Protecting Your Assets Now
Call us today to form a Limited Partnership, or form an LLC online.
Not Ready to Form a Company Yet?
- Try our Business Startup Wizard to learn what others in your state and industry have done.
- Download our Free 10-Step Business Formation Guide.
- Get more details about forming a corporation or LLC in our Small Business Resources, or check out another service.
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