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Limited Partnership (LP)
Obtaining an Assumed Name or DBA If you want to establish a Vermont DBA (assumed name), you must file a form with the Vermont Secretary of State. The assumed name filing fee is $50.
Limited Partnership Name (Must contain an LP ending such as LP or L.P. ?LP? will be added, if not included.)
When a statutory business entity such as a corporation, limited liability company (LLC), or limited partnership (LP) does business under an assumed name (also known as a DBA or ?Doing Business As?) that means it is using a name other than the one set forth in its formation document.
An assumed business name is simply an additional business name under which the registrant(s) have the legal authority to do business as ? and incur the same liabilities as would doing business in the individual name(s) of the registrants(s).
Under Vermont law, all businesses except for corporations and limited liability companies doing business within the state will need to file a DBA. Filing for a DBA allows the company to open bank accounts, enter contracts, and otherwise operate with the new name.
Concept of "limited liability partnership" LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners.
For example, you operate a hair salon, and you also provide in-home beauty services. Your salon operates as "Kelsey's Custom Cuts", while the in-home services operate as "Hairs to You".