Limited Liability Partnership
A Limited Liability Partnership (LLP) is a business relationship in which one partner is not responsible for the negligent acts committed by another partner or by the employees not under that partner's supervision. A Limited Liability Partnership is essentially a General Partnership, but each partner is not liable for certain acts of other partners. A LLP also limits the personal liability of a partner for the errors, omissions, incompetence, or negligence of the partnership's employees or other agents. State laws vary regarding LLP's and only about half of the states recognize them. Each of the partners (there can be more than 2) shares in the profits and shares in the debts of the LLP, including losses, unless the partner is a limited partner. A LLP is considered an association of co-owners for tax purposes, and each co-owner is taxed on his or her proportional share of the LLP profits.
You are always encouraged to consult an attorney to ensure appropriate consideration of all the legal implications of your choice of entity and filing. We stress that this filing website is not intended to substitute nor replace the advice of legal counsel.
Step 1
Select the appropriate form from the blue boxes. After filling out the PDF, save a copy (or print the form to PDF depending on your system)
Step 2
In the same blue box containing the form you filled out, click on Go to Digital Marketplace. Once in Digital Marketplace, fill out the required information, upload the completed form, and continue to payment.