A Limited Liability Partnership (LLP) is a legal business structure where two or more individuals share ownership and management responsibilities while enjoying protection from personal liability for business obligations. Each partner is only liable for their own actions—not the actions of other partners.
LLPs are commonly used by:
Filing Articles of Organization with the state
Professionals like lawyers, accountants, consultants, and architects
Partnerships seeking liability protection
Businesses wanting a flexible management structure
Companies where partners play an active role in operations
An LLP combines the protection of limited liability with the flexibility of shared management and pass-through taxation. It allows partners to customize their roles, ensures personal asset protection, and boosts professional credibility—all while avoiding corporate taxes.
Limited Liability Protection: Personal assets of each partner are protected from the business’s debts and lawsuits.
Shared Management: Partners equally manage the business and share profits, unless otherwise agreed.
Pass-Through Taxation: Income is taxed only at the individual level—no corporate taxes.
Flexible Operations: Partners can customize their roles, responsibilities, and profit-sharing through a written agreement.
Professional Credibility: Operating as an LLP boosts credibility with clients, banks, and vendors.
Provide your desired business name and key details through our simple form.
We submit a Certificate of Limited Liability Partnership (or similar form) with your Secretary of State.
We prepare and submit your Articles of Organization to the state.
We request your Employer Identification Number from the IRS so you can open a business bank account and file taxes.
Depending on your location and industry, you may need to secure business licenses, permits, or register for state-level taxes.
Expert assistance with registration, name selection, EIN application, and partnership agreement drafting—ensuring your LLP is set up legally, efficiently, and ready to operate with confidence.
Ensure your desired LLP name is available and compliant with state rules.
We prepare and file your Certificate of Limited Liability Partnership with the state.
We help you apply for an Employer Identification Number (EIN) from the IRS for tax and payroll purposes.
Get a customizable LLP agreement to clearly define partner roles, contributions, and profit-sharing.
We keep your LLP in good standing by providing guidance on state-specific filings, renewals, and reports.
Experienced Filing Experts
Fast & Accurate Service
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Personalized Guidance
Our customized packages meet the compliance, filing speed, and support needs of your new business in one place.
Basic
Covers all your required filings with the state, accuracy guaranteed.
All initial state fees included
Process in 3-5 business days
Concierge-Style Business Formation Service
LLC Name Availability Check
Preparation of Articles of Organization
Receive Certified Copies
Most Popular
Everything to start and protect your LLC and keep it compliant year-round.
All initial state fees included
Process in 3-5 business days
Concierge-Style Business Formation Service
LLC Name Availability Check
Preparation of Articles of Organization
Receive Certified Copies
Employer Identification Number
Best Value
Get additional tools and expert support to start and grow your business online
All initial state fees included
Process in 3-5 business days
Concierge-Style Business Formation Service
LLC Name Availability Check
Preparation of Articles of Organization
Receive Certified Copies
Operating agreement
Employer Identification Number
Initial Statement of Information
Registered Agent Service
Customizable Legal Docs
Compliance Alerts
Dun & Bradstreet Indicator
Customer Relationship Manager (CRM)
Decide between a Single-Member or Multi-Member LLC.
Submit the Articles of Organization with the state.
Required for taxes and hiring employees.
Define ownership and operational structure.
Register for licenses and meet state-specific requirements.
An LLP is a business structure that combines the flexibility of a partnership with the limited liability protection typically associated with corporations. Each partner’s personal assets are protected from business debts and liabilities.
LLPs are commonly formed by professional service providers like lawyers, accountants, consultants, and architects. However, eligibility may vary depending on the state’s laws.
LLPs benefit from pass-through taxation. This means profits and losses are reported on the individual partners’ tax returns—eliminating the double taxation faced by corporations.
Key advantages include limited liability protection, shared management responsibilities, flexibility in partnership agreements, and enhanced credibility with clients and institutions.
Book your free 30-minute consultation for Start Your Limited Liability Partnership Today.
BizStartup.com is not a law firm or accounting firm and does not offer legal, tax, investment, or accounting advice. If you require legal, accounting, investment, or tax advice, please seek the services of an appropriate professional such as an attorney, accountant, and or financial advisor.
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