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Wondering what happens after you submit your incorporation order to us? Have questions about using MaxFilings to incorporate your business or form an LLC? Here you'll see basic questions about our system that can help make your experience smooth and hassle-free. FAQ About MaxFilings
Form Your Limited Liability Partnership (LLP)
In some states, only professionals (required to have licenses to do business) are allowed to form a Limited Liability Partnership and, in addition, some states have special insurance requirements. Limited Liability Partnerships are similar to LLC’s. While partners are personally liable for their own negligent or wrongful acts when performing services for the partnership, they are protected by their limited liability from any personal liability for the acts of others as well as the debts and business obligations of the business although in some states this protection is less than the protection they would receive under LLC’s or corporations. Protection of partners’ personal assets is one of the major advantages of an LLP.
Why Form an LLP?
While an LLC or S Corporation is likely a better choice, some businesses previously prohibited from forming those forms of business now select a Limited Liability Partnership to avoid the higher cost of transferring from an existing general partnership to an LLC or S Corporation.
MaxFilings can help you form your LLP.
Some Points to Consider When Forming an LLP
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MaxFilings is an online incorporation service that lets you incorporate or form an LLC in just 10 minutes, or start organizing your information until you are ready. There is no charge to store incorporation information in the secure MaxFilings system, and there is never any obligation to order.