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You'll do this by completing an Application for Reservation of Name form and filing it with the New Mexico Secretary of State. The name will be reserved for 120 days. If you're starting your business right away, you don't need to reserve a name.
However, any group of two or more people can form a Limited Liability Partnership in Texas. A limited liability partnership is a general partnership where the partners' individual liability for the LLP's obligations is substantially limited.
? The Uniform Partnership Act has adopted the theory that a partnership is not a legal entity separate and distinct from its membership except for such purposes as keeping partnership accounts, marshalling assets and conveyancing.
The Uniform Partnership Act of 1997 (UPA) modernizes the Uniform Partnership Act of 1914, adopted in every state except Louisiana. It establishes a partnership as a separate legal entity, and not merely as an aggregate of individual partners.
The Application to Register a Limited Liability Partnership must include: (1) the LLP's name, (2) its place of formation, (3) its principal office and mailing address (if different), (4) the type of business the LLP is engaged in, (5) and the name and address of its registered agent for service of process.
Every partner in a firm is liable jointly with the other partners for all debts and obligations of the firm incurred while he is a partner, but a person who is admitted as a partner into an existing firm does not thereby become liable to the creditors of the firm for anything done before he became a partner; and after ...