Choose Your Limited Partnership Structure in New York

Pick from our recommended Limited Partnership packages — or build your own structure with the guidance of our attorneys.

Business Fundamentals

Ideal for simple formations-includes state filing fees and effortless bank account setup.

$856
  • Limited Partnership
  • Federal Tax ID/EIN
  • PDF/Electronic Version + Secured Server Storage
  • Choose 1: Service Agreement or Employment Agreement or Independent Contractor Agreement
  • Indemnification Agreement and Covenant Not to Sue
  • Limited Partners Restrictive Agreement + Divorce Protections
  • Airborne Infectious Disease Prevention Plan
  • Anonymity
  • License(s), Permit(s), Tax Registration(s) Package For Your Business
  • Sexual Harassment Prevention Policy
  • State Payroll Taxes
Preferred

Designed for those seeking liability protection—includes state filing fees, tax-efficient setup, and attorney-drafted contracts to launch with confidence.

$1,626
$1,545
5% Off
  • Limited Partnership
  • Federal Tax ID/EIN
  • PDF/Electronic Version + Secured Server Storage
  • Choose 1: Service Agreement or Employment Agreement or Independent Contractor Agreement
  • Indemnification Agreement and Covenant Not to Sue
  • Limited Partners Restrictive Agreement + Divorce Protections
  • Airborne Infectious Disease Prevention Plan
  • Anonymity
  • License(s), Permit(s), Tax Registration(s) Package For Your Business
  • Sexual Harassment Prevention Policy
  • State Payroll Taxes
Premium

Perfect for launching and growing a full-scale business—includes state filing fees and everything needed to start, run, and protect your company.

$2,418
$2,176
10% Off
  • Limited Partnership
  • Federal Tax ID/EIN
  • PDF/Electronic Version + Secured Server Storage
  • Choose 1: Service Agreement or Employment Agreement or Independent Contractor Agreement
  • Indemnification Agreement and Covenant Not to Sue
  • Limited Partners Restrictive Agreement + Divorce Protections
  • Airborne Infectious Disease Prevention Plan
  • Anonymity
  • License(s), Permit(s), Tax Registration(s) Package For Your Business
  • Sexual Harassment Prevention Policy
  • State Payroll Taxes
Business Fundamentals

Ideal for simple formations-includes state filing fees and effortless bank account setup.

$856
  • Limited Partnership
  • Federal Tax ID/EIN
  • PDF/Electronic Version + Secured Server Storage
  • Airborne Infectious Disease Prevention Plan
  • Choose 1: Service Agreement or Employment Agreement or Independent Contractor Agreement
  • Indemnification Agreement and Covenant Not to Sue
  • General Partners Restrictive Agreement
  • Anonymity
  • Complex General Partners Restrictive Agreement + Partners Divorce Protections
  • License(s), Permit(s), Tax Registration(s) Package For Your Business
  • Sexual Harassment Prevention Policy
  • State Payroll Taxes
Preferred

Designed for those seeking liability protection—includes state filing fees, tax-efficient setup, and attorney-drafted contracts to launch with confidence.

$1,801
$1,711
5% Off
  • Limited Partnership
  • Federal Tax ID/EIN
  • PDF/Electronic Version + Secured Server Storage
  • Airborne Infectious Disease Prevention Plan
  • Choose 1: Service Agreement or Employment Agreement or Independent Contractor Agreement
  • Indemnification Agreement and Covenant Not to Sue
  • General Partners Restrictive Agreement
  • Anonymity
  • Complex General Partners Restrictive Agreement + Partners Divorce Protections
  • License(s), Permit(s), Tax Registration(s) Package For Your Business
  • Sexual Harassment Prevention Policy
  • State Payroll Taxes
Premium

Perfect for launching and growing a full-scale business—includes state filing fees and everything needed to start, run, and protect your company.

$2,918
$2,626
10% Off
  • Limited Partnership
  • Federal Tax ID/EIN
  • PDF/Electronic Version + Secured Server Storage
  • Airborne Infectious Disease Prevention Plan
  • Choose 1: Service Agreement or Employment Agreement or Independent Contractor Agreement
  • Indemnification Agreement and Covenant Not to Sue
  • General Partners Restrictive Agreement
  • Anonymity
  • Complex General Partners Restrictive Agreement + Partners Divorce Protections
  • License(s), Permit(s), Tax Registration(s) Package For Your Business
  • Sexual Harassment Prevention Policy
  • State Payroll Taxes

Need Something Tailored?

Build My Own Structure

Experienced Limited Partnership Formation Attorneys in New York

Our legal team has helped hundreds of entrepreneurs form Limited Partnerships in New York across many industries—ensuring proper setup, compliance, and long-term protection.

Get Attorney Support Today

How Limited Partnership Formation Works in New York

Four clear steps, handled by professionals—so you don’t miss a detail.

01

Tell Us About Your Business

Complete a quick online intake with your business purpose, owners, and preferences so we can tailor your Limited Partnership formation.

02

Select the Right Limited Partnership Structure

An attorney helps you choose the optimal approach for New York—considering taxes, liability, ownership, and future plans.

03

Attorney-Prepared Documents

We draft and assemble all New York formation documents for your Limited Partnership, ready for signature and filing.

04

New York Filing & Ongoing Support

We file with the state, deliver your formation package, and provide guidance on banking, compliance, and next steps.

Ready to Start Your Limited Partnership in New York?

Start My Business Now
Corporate Book
Included

What's Included on our Service Fee?

  • State Filing Fee
  • Corporate or Company Seal
  • Records Book
  • Certificate or Articles of Incorporation or Organization
  • Company and Corporate Minutes
  • Corporation Bylaws or LLC Regulations
  • Corporate Stock or LLC Membership Certificate(s)
  • Banking Resolution
  • Preliminary Name Search
Start My Business Today
Common Questions

Limited Partnership Formation FAQs in New York

A Limited Partnership has two classes of partners — general partners who manage the business and carry unlimited personal liability, and limited partners who contribute capital and share in profits but take no role in management and carry no personal liability beyond what they invested. It is the structure behind most real estate funds, private equity vehicles, and family investment arrangements.

Businesses and investment vehicles that have a clear separation between those who run the operation and those who provide the capital. Real estate syndicators, private fund managers, and family wealth structures are the most common uses. If your business has active operators and passive investors, a Limited Partnership gives each group exactly what they need.

As long as a limited partner does not participate in management decisions, their personal liability is capped at the amount they invested. They cannot lose more than they put in. The moment a limited partner begins exercising management authority, that protection is at risk. The structure only works when the roles are clearly defined and maintained.

Yes. A Limited Partnership can have multiple general partners, multiple limited partners, or both. The partnership agreement governs how authority is divided among general partners and how profits are allocated across all classes. Getting that document right is the most important part of the formation.

Income and losses pass through to the partners and are reported on their individual returns. The partnership itself does not pay federal income tax. Limited partners generally receive passive income allocations, while general partners may have self-employment tax considerations depending on their role. Your CPA will advise on the specifics.

Yes, and this is one of the structure's primary advantages. Limited partnership interests can be transferred to new investors, gifted to family members, or used in estate planning without disrupting the partnership's management or operations. The partnership agreement will govern how and when those transfers can occur.

Most Limited Partnerships are formed within 5 to 7 business days of filing. The partnership agreement, which governs the relationship between all partners, takes additional time to draft and is worth the investment. Your attorney will confirm the full timeline before anything is filed.

Yes. We handle LP formations nationwide. The state you form in and the states where partners are located do not need to be the same, and your attorney will advise on where formation makes the most sense for your structure.

A Limited Partnership with poorly drafted roles between general and limited partners creates disputes, blown liability protections, and regulatory problems. Our attorneys draft the partnership agreement around the actual arrangement — the capital structure, the management authority, the distribution waterfall — so every partner knows exactly where they stand.
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