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"After serving on the bench for the last 16 years I sincerely believe that Harvard Business Services, Inc.
is the most professional, knowledgeable, and customer focused formations company in the State of Delaware.The proven reliability,
accuracy and Harvard's 25 years of experience are invaluable when starting and maintaining a company."
Hon. Joseph B. Melson
Delaware State Court
Retired
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Your data is kept confidential and is not released to third parties.
Your personal information is encrypted by Secure Sockets Layer (SSL) software so that it cannot be read as the information travels over the Internet.
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| Limited Partnership |
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In addition to LLCs and corporations, some types of business enterprises may lend themselves to a structure known as a Delaware Limited Partnership. Like the LLC, the Limited Partnership affords pass-through tax benefits but allows the limited partners to be passive members in the business enterprise.
A Limited Partnership is typically comprised of a general partner and limited partners. Limited partners may invest in the enterprise and share in its profits (or loss) but do not participate in ongoing management or daily operations.
- The limited partners' personal assets are separate from the liabilities of the enterprise and therefore protected.
- In a limited partnership the general partner is normally involved in the daily activities of the enterprise. The general partner's personal assets are not separate from the liabilities of the enterprise and are not protected unless the general partner entity is formed as a corporation or LLC, which is often done.
- Groups of investors in such ventures as real estate development projects or business opportunities that are syndicated to private investors will often choose the limited partnership structure.
- The investors only participate to earn a return on their investment. For tax and other reasons they have no need or desire to be active participants in the day-to-day management of the business.
The filing of a Limited Partnership itself with the State of Delaware is relatively simple and straightforward. We can handle the process for you easily, but the filing does require the signature of the general partner. Included in our Limited Partnership filing kit is a sample LP agreement. Our filing kit also includes a professional binder in its own matched slip case with the name of your Limited Partnership name on its spine, a partnership seal, and twenty numbered, partnership certificates also printed with the name of your Limited Partnership.
To form a Delaware Limited Partnership, please, contact us.
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| For more information, call: |
| 1-800-345-CORP (2677) |
| International clients must dial: |
| 1-302-645-7400 |
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