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A partnership is a business structure which operates under the control of two (2) or more individuals, with each general partner being a co-owner and sharing the responsibility of managing the business and making important decisions. The three major partnership types are as follows: Limited Partnership, Limited Liability Partnership, and Limited Liability Limited Partnership. When choosing which type of partnership to create, it’s best to research the benefits of each variety of partnership type as each partnership demands varying degrees of liability to the owners (see Step 2).

Step 1 – Select Your State

Step 2 – Choose Corporation Type

  • Limited Partnership (LP) – Partnership consisting of at least one (1) general partner and one (1) limited partner. General partners have primary control of the business and are responsible for its debts while limited partners are without control of the business and have limited liability (only liable up to the amount initially invested).
  • Limited Liability Partnership (LLP) – A business structure best suited towards companies providing professional services (e.g. dentist, attorney, architect). All partners have limited liability protection and will not be responsible for debts incurred by another partner.
  • Limited Liability Limited Partnership (LLLP) – Partnership which operates similarly to an LP, consisting of at least one (1) general partner and one (1) limited partner. However, unlike an LP, the LLLP structure provides general partners with limited liability protection from the company’s debts and obligations.

Step 3 – Select a Name

Use the appropriate link below and use the business search feature in order to lookup the name of your partnership and make sure that it is available for use.

Name Reservation – If you would like to delay the filing of your partnership, you can do so in every State for a period up to 120 (depends on the State’s time-period).

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Step 4 – Filing Fees

The Certificate of Partnership (for domestic) or Certificate of Authority (for foreign) can be completed Online or in the Paper Format with the following fees:

Domestic Partnership Fees

  • AL – $100
  • AK – $150 – $250
  • AZ – $3 – $13
  • AR – $50
  • CA – $70
  • CO – $50
  • CT – $120
  • DE – $200
  • FL – $25 – $965
  • GA – $100
  • HI – $15 – $25
  • ID – $100
  • IL – $100 – $150
  • IN – $95 – $100
  • IA – $50 – $100
  • KS – $35 – $165
  • KY – $40
  • LA – $100 – $125
  • ME – $175
  • MD – $75
  • MA – $200 – $520
  • MI – $10 – $100
  • MN – $100 – $155
  • MS – $25 – $250
  • MO – $55 – $105
  • MT – $20
  • NE – $200
  • NV – $75 – $100
  • NH – $100
  • NJ – $125
  • NM – $50 – $100
  • NY – $250
  • NC – $50 – $125
  • ND – $35 – $110
  • OH – $99
  • OK – $100
  • OR – $100
  • PA – $125
  • RI – $100
  • SC – $10 – $100
  • SD – $125
  • TN – $20 – $100
  • TX – $200 – $750
  • UT – $22 – $70
  • VT – $75 – $125
  • VA – $25 – $100
  • WA – $180
  • WV – $100 – $250
  • WI – $70 – $100
  • WY – $100

 Step 5 – Partnership Agreements

A partnership agreement is used to outline the business structure by which the partnership shall operate. Typically, this type of agreement contains information regarding the initial investments of each partner as well as their managerial responsibilities. Select your State below to review the corresponding partnership agreement template.

Step 6 – Employer Identification Number

After forming your partnership, it’s advisable that you obtain an Employer Identification Number (EIN). This unique identifier is issued by the Internal Revenue Service for the purpose of reporting income tax to the federal government. Acquiring an EIN will allow your business to legally hire employees as well as conduct a variety of financial transactions using the company name. To apply for an EIN, complete the Online Application or submit Form SS-4 by mail.

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