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Delaware Limited Partnership
A limited partnership (LP) is an entity consisting of two or more partners who unite to conduct a business in which one or more of the partners is liable only to the extent of the amount of money that partner has invested. An LP consists of one or more “General Partners” who manage the company and are held liable for company debts and expenses, as well as one or more “Limited Partners” who are passive investors and are not held liable for company debts and expenses.
A Delaware Limited Partnership begins with the filing of a Certificate of Limited Partnership. It classifies partners into the two types: General Partners and Limited Partners.
We suggest that naming a separate limited liability business such as an LLC or Corporation to be the General Partner of an LP. Also, you will need a Limited Partnership Agreement, which is not included in our LP package. Most customers who order the limited partnership package have their Agreement already.
IncNow will file a Certificate of Limited Partnership and act as agent for $415.00.
- Fill out a simple online form
- We prepare and file your Limited Partnership
- You receive your Limited Partnership package