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Limited Liability Partnership (LLP)
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Limited Liability Partnership (LLP)
LLPs Protect Personal Assets of All Partners
An LLP is a partnership that allows each partner to share in management and provides some degree of protection from the liabilities of the partnership, including those caused by the actions of other partners. This structure is often used by professionals, such as attorneys and accountants, but in most states non-professionals can form an LLP. To operate as an LLP, a state filing and a registered agent is required.
CT Is Ready to Help by:
- Conferring with you on your business structure options—so you understand the risks and advantages
- Discussing the specific LLP rules that apply in your formation state—so you face no surprises
- Meticulously preparing and filing your state paperwork—so you don’t need to worry about the ins-and-outs of state bureaucracy
- Serving as your registered agent—so you can rest easy knowing experienced, trained professionals will receive and rapidly convey important state and legal documents