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Limited Liability Companies (LLC) If changing entity name, must attach new name reservation certificate. This form can be filled out on your computer and then printed. This form can be filled out on your computer and then printed.

A partnership (also known as a "general partnership") is an informal business structure consisting of two or more people. You don't have to file paperwork to form a partnership—you create a partnership when you agree to go into business with another person.

How to form a partnership in Alabama Step 1: Select a business name. Step 2: Register the business name. Step 3: Complete required paperwork. Step 4: Determine if you need an EIN, additional licenses, or tax IDs. Step 5: Get your day-to-day business affairs in order.

A general partnership is formed by an agreement entered into by each partner and should include the contributions of each partner, the distribution of profits or losses, and the terms for dissolution. If there is no written agreement, the profits and losses are presumed to be distributed equally.

To form an Alabama Series LLC, you must complete and file one signed original and two copies of your Certificate of Formation. This is the same Certificate of Formation submitted by ordinary LLCs, but an Alabama Series LLC must check the box in article 5 identifying the organization as a Series LLC.

Each series operates like a separate entity with its own name, bank account, and separate books and records. A series LLC may have different members and managers in each series.

You can convert an existing LLC into a series LLC by filing the appropriate amendment forms in states that allow it or dissolve and create a new foreign series LLC.

A Series LLC consists of the ?parent? or ?umbrella? LLC with one or more series that are established under the parent. Each series can have characteristics that are separate from the Series LLC itself and every other series. Each series can have its own assets, members, managers, purpose, and investment objectives.

Returns for both partnerships and single member limited liability entities, whether filing as a separate entity or as a disregarded entity, as a division of its owner, are required to be filed on or before the date the taxpayer's corresponding federal tax return is due.