Annual Report and State Filing
We prepare and file your LLP's annual report on time, every year, so your company stays active and in good standing.
Business Formation by a Licensed Law Firm
Form a Limited Liability Partnership With a Real Attorney
Form a Limited Liability Partnership with a licensed attorney. Starting at $137.49, with state fees included in every state except Nevada.
Starting at $137.49 Filing Fees Included*
*State filing fees are included in every state except Nevada, where they are billed separately.
- 35+
- Years Practice
- 650K+
- Formed
- 4.9
The Basics
What Is a Limited Liability Partnership?
A limited liability partnership (LLP) is a partnership that protects partners from personal liability for another partner's negligence or malpractice, while still letting the firm operate with partnership-style ownership and taxation.
LLPs are popular with professional and growing firms that want pass-through taxation and flexible compensation without every partner personally guaranteeing co-partner mistakes. State rules vary, so proper formation and a strong partnership agreement are essential.
Key benefits include:
Co-Partner Negligence Protection
An LLP is designed so partners are not personally liable for another partner negligence or malpractice the way a traditional general partnership can allow. Firms choose it to keep partnership culture without that unlimited co-partner exposure.
Pass-Through Taxation
Income still generally passes through to partners personal returns, so the tax model feels familiar while the liability picture improves. Compensation and draws can stay flexible under the partnership agreement.
Maintains Partnership Culture
Many professional and growing firms prefer an LLP because ownership still feels like a partnership rather than a corporate hierarchy. You keep equity partners, profit sharing, and collegial governance with stronger liability walls.
Required for Licensed Firms
Some licensed professions and states effectively expect or favor LLP-style protection for multi-partner practices. Matching the entity to licensing rules avoids expensive restructuring later.
The Wall Between You and Your Business
How an LLP Actually Protects You
Without an LLP, licensed professionals who practice together share unlimited personal liability for each other's mistakes. One partner's malpractice claim, one unauthorized contract, one professional error by a colleague, and every partner's personal assets are on the line.
A limited liability partnership changes that. In an LLP, each partner remains responsible for their own conduct but is shielded from personal liability for the negligence and misconduct of co partners. The business continues. The affected partner faces the claim. Everyone else keeps their personal assets protected.
- Business debts do not follow you home
- Lawsuits target the LLP, not your savings
- Personal bank accounts stay off limits
- Protection holds when properly formed
LLP TAX ADVANTAGES
The Tax Advantages Of Forming An LLP
DEFAULT
Pass Through Taxation
Profit is taxed once, on your personal return. No company-level tax, and you decide how income is split among owners.
Avoids double taxation
MOST COMMON
OPTION 1
S-Corp Treatment
Pay yourself a reasonable salary and take the remainder as profit distributions, which are not subject to self-employment tax.
Lowers self-employment tax
OPTION 2
C-Corp Treatment
The company is taxed on its own income at the flat corporate rate. Best if you plan to raise capital or keep profit inside the business.
Retain earnings, attract investors
Included in Every Formation
What's Included on our Service Fee?
Your service fee covers the formal documents, certificates, and resolutions banks and government agencies actually ask for, not just a state filing receipt.
- State Filing
- Corporate or Company Seal
- Records Book
- Articles of Incorporation
- Company & Corporate Minutes
- Bylaws or LLC Regulations
- Stock or Membership Certificates
- Banking Resolution
- Preliminary Name Search
- EIN Filing Support
Annual Compliance, Handled
We Keep Your LLP In Good Standing
We handle the annual filings, registered agent duties, and records your LLP needs to stay in good standing. Nothing for you to track, file, or remember.
Registered Agent
We serve as your LLP's registered agent at a physical address, receiving and forwarding official state mail so nothing important gets missed.
Governing Agreement and Records
We keep your LLP's governing agreement and company records organized, current, and ready when you need them.
FAQ
Common Questions About Forming an LLP
Still have questions? Talk to an attorney!
A Limited Liability Partnership is a partnership structure that extends personal liability protection to all partners. Unlike a General Partnership where every partner is fully exposed, an LLP shields each partner from personal liability for the negligence, misconduct, or debts caused by their fellow partners. Each partner remains responsible for their own conduct.
Licensed professionals who want to operate as partners without carrying each other's liability. Law firms, accounting firms, medical groups, and architecture practices are among the most common users. In many states, LLPs are specifically reserved for professional service businesses, making it the standard structure for multi partner professional practices.
Both structures offer liability protection and pass through taxation. The primary difference is governance. An LLP uses a partnership framework, which gives each partner direct management authority as a default. An LLC uses a member or manager structure with more flexibility in how control is allocated. For established professional practices with equal partners, the LLP framework often fits the management dynamic better.
It protects you from liability arising out of your partners' actions. If your partner makes a negligent decision that results in a lawsuit, your personal assets are shielded from that claim. You remain fully responsible for your own professional conduct and any obligations you personally create. Malpractice insurance covers what the structure does not.
According to the partnership agreement. Partners can divide profits equally, by contribution, by seniority, or by any formula the partners agree on. Without a partnership agreement, your state's default rules govern the split. The agreement is the document that makes the arrangement enforceable.
The same as any partnership. Income passes through to the partners and is reported on their personal returns. The LLP itself does not pay federal income tax. Each partner pays tax on their allocated share, and your CPA will advise on how to structure distributions most efficiently.
Most LLPs are formed within 5 to 7 business days. Some states require proof of professional licensure as part of the filing, which can affect the timeline. Your attorney will give you a precise estimate based on your profession and state before anything is filed.
Yes. We handle LLP formations across all states that permit them. If your firm operates across state lines, your attorney will advise on where to form and where foreign registration is required.