Md Partnerships

Maryland recognizes both limited and general partnerships.  There are two main differences between these two business forms.  First, a limited liability partnership or LLP provides limited liability for all of the partners save one, meaning that one of the partners must be generally (and personally) liable for the partnership.  Second, for any partners to have limited liability, the entity must file with SDAT a certificate of Limited Liability Partnership, and file the other required tax returns (and pay taxes) to maintain its status.

We have online legal documents to help with your partnership:

Give us a call to schedule time to further discuss your objectives and help complete the appropriate documents.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s