Limited Partnership

The Limited Partnership (LP) is one of the most effective asset protection tools available. It can help reduce estate and income taxes, gives flexibility in managing assets while denying creditors access, and divides ownership from control. The Limited Partnership (LP) can be used to hold assets like real estate, investment accounts, cash, equipment, vehicles, expensive business equipment, and private business interests. Included in our fee you will receive:

One year of consulting from our team of experts
One year registered agent and registered office service
A physical business address
An LP operating agreement that has been written by one of the country’s most prestigious asset protection attorneys. This operating agreement has been written to provide the utmost protection of your assets from creditors in case of a judgment
Preparation and filing of a Federal Tax ID number
A deluxe binder with all enclosed documents
If desired, we can create another LLC as the general partner in order to create complete privacy

Additional benefits for a Limited Partnership:

Charging order protection
No corporate income tax
No franchise tax
No personal income tax
No stock tax
No estate tax
No inheritance tax
No gift tax
No inventory tax
No state tax of any kind
The only fees for compliance are the annual filing fees
Can be formed in 24 hours
Any entity, domestic or foreign, can be an LLC member
Only the general partner has liability
A Limited Partnership (LP) can own assets in any state without the necessity of incorporation in that state

Limited Partnership

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