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RSUANT TO THE PROVISIONS of the New Hampshire Limited Liability Partnership laws, the undersigned hereby submits the following statements for notice of change: FIRST: The name under which the foreign registered limited liability partnership was registered in New Hampshire is . SECOND: The date the foreign registered limited liability partnership was originally registered in New Hampshire was . THIRD: The new name and/or new information is: Page 1 of 2 Form FLLP-2 Page 1 NOTICE OF CHANGE IN.
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Executing FAQ
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The Limited Liability Partnerships (LLPs) are required to file Form 3 LLP under Purpose 1 with the Registrar within thirty days of the date of incorporation. Thus, the LLPs are required to file Form 3 LLP under Purpose 1 for one time post incorporation.
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Only Certain Professionals Need Apply Unlike a general partnership (GP), limited partnership (LP) or even a limited liability company (LLC), not everyone can form a limited liability partnership (LLP). California law currently limits LLPs to individuals licensed in one of the following professions: Lawyers. Architects.
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A prevalent example of a Limited Liability Partnership (LLP) is a professional service firm, such as a law or accounting firm. In an LLP, partners share profits and liabilities while enjoying limited personal liability, protecting their assets from the firm's obligations.
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LLPs do not pay income tax but they are subject to the annual tax of $800. Your return is due the 15th day of the 3rd month after the close of your taxable year. For more information visit Due dates for businesses .
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LLPs are often formed by licensed professionals such as attorneys, accountants, or physicians with the intention of protecting each individual partner from liability for the professional malpractice of the other partners. However, any group of two or more people can form a Limited Liability Partnership in Texas.
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A limited liability partnership (LLP) is a flexible legal and tax entity where every partner has a limited personal liability for the debts or claims of the partnership. Partners of an LLP can benefit from economies of scale by working together while also reducing their liability for the actions of other partners.
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Unlike LLCs, LLPs can't choose to be taxed as anything other than a partnership. In practice, this doesn't make much of a difference since it's usually the preferred tax structure.
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The main advantage of a limited liability partnership (LLP) is that each partner is only liable for their own actions and not those of the other partners. This means that if one partner is sued, the other partners will not be held liable.
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