Advising on the formation, registration, and compliance requirements of LLPs in California.
Preparing and reviewing partnership agreements that define management roles, duties, profit distribution, and dispute resolution.
An limited liability partnership (LLP) is a partnership structure where all partners have limited liability protection, shielding them from personal responsibility for the negligence or misconduct of other partners. Unlike general partnerships, LLP partners are not personally liable for the partnership’s debts or actions, except for their own malpractice or wrongdoing. LLPs require formal registration with the California Secretary of State, including filing an Application to Register and adherence to ongoing state compliance regulations.
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