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Limited Partnership Form

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so what are the primary characteristics of a limited liability partnership uh well it'll start with the creation and maintenance of it a limited liability partnership is a special state recognized entity that is required to be filed with that state for recognition Okay uh and if it does business in any other states would have to register in that state but again requires a level of filing now there are not extensive maintenance requirements other than your annual uh filing of information if uh any of your limited partners uh leave or add to the business generally you can update these records through the Secretary of State's website but uh States will place different requirements on this maintenance but there's no formal requirements for meetings and things like that that you'd see in some of your more complicated business entities like your uh corporations okay uh so the continuity of the business entity normally this will be addressed in the partnership

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