Get the free (87A) Limited-Liability Limited Partnership Registration (NRS CHAPTER 87A )

BARBARA K. CEASE Secretary of State 202 North Carson Street Carson City, Nevada 897014201 (775) 6845708 Website: www.nvsos.gov www.nvsilverflume.govInstructions for Formation LimitedLiability Limited PartnershipIMPORTANT:

How to fill out 87a limited-liability limited partnership

How to fill out 87a limited-liability limited partnership

1. Step 1: Determine the name of your limited-liability limited partnership (LLLP). It should comply with your state's naming requirements.
2. Step 2: Prepare the required formation documents, which usually include a certificate of formation and partnership agreement. These documents outline the structure and terms of the LLLP.
3. Step 3: File the formation documents with the appropriate state agency. This is typically the Secretary of State or similar department.
4. Step 4: Pay the required filing fees. The amount varies depending on the state of formation.
5. Step 5: Obtain any necessary licenses or permits specific to your industry or location.
6. Step 6: Create an operating agreement that defines the responsibilities and rights of each partner involved in the LLLP.
7. Step 7: Obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). This is necessary for tax purposes.
8. Step 8: Comply with any annual reporting and tax requirements imposed by your state and federal authorities.
9. Step 9: Review and understand the ongoing obligations and responsibilities associated with maintaining an LLLP.
10. Step 10: Seek professional advice from an attorney or accountant to ensure compliance with all legal and regulatory requirements.

Who needs 87a limited-liability limited partnership?

1. 87a limited-liability limited partnership (LLLP) is typically beneficial for businesses in industries that pose a high risk of liability, such as real estate development, construction, and professional services.
2. It can be suitable for partnerships that want to limit the personal liability of their partners, while still retaining some flexibility in the partnership structure.
3. Individuals or entities that are considering forming a partnership and want the added liability protection may find an LLLP beneficial.

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