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Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee South Dakota Form

Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee South Dakota Form

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so a pretty common question that i get asked especially when you're dealing with investments and real estate what is the difference between an lp and an llc uh they're both pretty common forms that people hear about so i'm going to go through a little bit of some of the differences between them so what exactly is an lp or an llc people hear these terms but they don't really know exactly what they mean lp is a limited partnership llc is a limited liability company they're both legal entities that are formed typically by a filing with the secretary of state in whatever state you're forming in so if you're forming a delaware llc you form you know basically you file something with the delaware secretary of state that creates the llc that's the initial step to create it same thing with a limited partnership you have a filing with the secretary of state so if you're if it's in arizona or texas or nevada you file

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