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  2. Learn how to form a limited liability partnership (LLP) or other entity types in Texas. Find out the benefits, requirements, and differences of each entity structure.

  3. Limited Liability Partnership: In order to limit the liability of its general partners, a general or limited partnership may opt to register as a limited liability partnership. The Secretary of State provides a form for registration as a limited liability partnership.

  4. If a limited partnership is a limited liability partnership, Section 152.801 applies to a general partner and to a limited partner who is liable under other provisions of this chapter for the debts or obligations of the limited partnership.

  5. limited liability partnership. does not create a partnership, either general or limited. The creation of a limited partnership requires the filing of a certificate of formation (Form 207) with the secretary of state. A general partner's liability in a limited liability partnership differs from that in an ordinary partnership.

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  6. Limited Liability Partnership: In order to limit the liability of its general partners, a limited partnership may opt to register as a limited liability partnership in accordance with section 153.351 of the Texas Business Organizations Code.

  7. Feb 16, 2023 · What Is an LLP? Creating a limited liability partnership (LLP) is one method of creating a partnership. At least two owners—referred to as partners—make up this sort of corporate organization. Texas allows partners in an LLP to be either general partners or limited partners, albeit at least one person must be a general partner.

  8. Jan 1, 2024 · Step 1: Determine Your Eligibility. Step 2: Choose a Business Name. Step 3: Appoint Registered Agent. Step 4: File the Required Documents. Step 5: Get an EIN. Step 6: Secure Licenses and Permits. Step 7: File a Certificate of LLP. Step 8: Create a Partnership Agreement. Step 9: Comply with Other Texas Regulations.

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