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Limited Partnerships (LP)
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Limited Partnerships (LP)
Limited Risk for Investors, Not Active Owners
A limited partnership (LP) is like a general business partnership, but it offers limited liability protection to some partners. At least one partner must be a general partner—who faces unlimited personal liability. The others can be “silent partners” who can have no say in the business, but who don’t have personal liability. Unlike general partnerships, LPs must file formation documents with the state.
CT Is Ready to Help by:
- Conferring with you on your business structure options—so you understand the risks and advantages
- Meticulously preparing and filing your formation paperwork in your formation state—you don’t need to worry about the ins-and-outs of state bureaucracy
- Serving as your registered agent—enabling you to meet that requirement with no extra effort