Massachusetts Certificate of Limited Partnership
Description
How to fill out Certificate Of Limited Partnership?
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FAQ
An LLP or an LLC with two or more members will be treated as a partnership if it's treated as a partnership for federal tax purposes. An LLP or LLC will be treated as a corporation for Massachusetts income tax purposes if it is classified as such for federal tax purposes.
Choosing to run your company as an LLC or LLP depends upon your profession and your state. If you're a professional who needs a license to do business, you're better off running your company as an LLP if your state allows it. If you are not a professional, an LLC is usually the best fit for your business.
If you're a solo business owner who wants to form a limited liability company (LLC), you can start a single-member limited liability company (SMLLC) in Massachusetts. In general, the process for forming an LLC and SMLLC in Massachusetts is the same. You must follow Massachusetts's Limited Liability Company Act.
Limited Partnership Name (Must contain an LP ending such as LP or L.P. ?LP? will be added, if not included.)
General Partnership Formation in Rhode Island & Massachusetts. You do not need to formally register a general partnership. A general partnership can be formed by a verbal or written agreement, or simply because of how a business operates.
While general partnerships are recognized nationwide, LLPs are not recognized as a legal business structure in every state. Some states that do allow the formation of LLPs limit the formation to professionals like doctors or lawyers.
In order to create a limited liability partnership in Massachusetts, you must file registration with the Secretary of State. Unlike many other states, Massachusetts does not provide registration forms for limited liability entities.
Some states only require that the certificate contains the name of the limited partnership, the name and address of the registered agent and registered office, and the names and addresses of all of the general partners.
