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To form a limited partnership, the partners must enter into a partnership agreement and file a certificate of formation with the secretary of state. In a limited partnership, there will be one or more general partners and one or more limited partners.
Create Your Texas LLC in Five Steps Step 1: Choose a Name for Your LLC. ... Step 2: Appoint a Registered Agent. ... Step 3: File the Certificate of Formation. ... Step 4: Create Your Operating Agreement. ... Step 5: Obtain an Employer Identification Number.
To register a pre-existing general partnership as an LLP, or to register a pre-existing limited partnership (LP) as an LLP, you must file an application for registration with our office. You may use Form 701 (Word, PDF) as your application for registration. The filing fee is $200 per general partner.
Article 1 ? Entity Name and Type The filing entity being formed is a limited liability company. The name of the entity is: The name must contain the words ?limited liability company,? ?limited company,? or an abbreviation of one of these phrases.
LLCs do not have shareholders. They have members who share in the profits of the business. The members' share of the profits is taxable as income. The company itself has no tax liability.