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  • North Dakota PROFESSIONAL LIMITED LIABILITY PARTNERSHIP REGISTRATION

North Dakota PROFESSIONAL LIMITED LIABILITY PARTNERSHIP REGISTRATION

Category:
Secretary of State - Uniform Commercial Code
State:
North Dakota
Control #:
ND-SKU-0153
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Description

PROFESSIONAL LIMITED LIABILITY PARTNERSHIP REGISTRATION
North Dakota Professional Limited Liability Partnership (PULP) Registration is the process of formally establishing a business in North Dakota as a PULP. This type of business structure is a hybrid of a general partnership and a limited liability company (LLC). In a PULP, each partner is jointly and severally liable for the debts and obligations of the partnership, but also enjoys the benefit of limited liability for their own personal assets. There are two types of North Dakota PULP Registration: filing with the North Dakota Secretary of State and filing with the North Dakota Department of Taxation. The Secretary of State filing is for registering the PULP as a legal entity and the Department of Taxation filing is for obtaining the PULP’s tax identification number. Both filings must be completed in order for the PULP to be legally recognized in North Dakota.

North Dakota Professional Limited Liability Partnership (PULP) Registration is the process of formally establishing a business in North Dakota as a PULP. This type of business structure is a hybrid of a general partnership and a limited liability company (LLC). In a PULP, each partner is jointly and severally liable for the debts and obligations of the partnership, but also enjoys the benefit of limited liability for their own personal assets. There are two types of North Dakota PULP Registration: filing with the North Dakota Secretary of State and filing with the North Dakota Department of Taxation. The Secretary of State filing is for registering the PULP as a legal entity and the Department of Taxation filing is for obtaining the PULP’s tax identification number. Both filings must be completed in order for the PULP to be legally recognized in North Dakota.

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FAQ

However, some states don't allow licensed professionals to form LLPs. Messer says, ?A PLLC differs from an LLP in that a PLLC can be required if the type of business to be transacted requires a license from the state. For instance, in Texas, an attorney could not offer legal services through an LLP.?

How do you form an LLP? Determine your eligibility.Choose a name and complete a business name check.Select a registered agent.Create a limited liability partnership agreement.File the necessary paperwork with the state.

Documents required for LLC Incorporation in USA Legal Name of Partners. Percentage of partnership for each partner. A Certified Copy of Passport. Existing Foreign Tax Id Number (Pan Card) Original Voter ID Card and Driving License (Incase Certified Passport is not available)

How to form a Limited Liability Partnership Verify qualification status.Pick a name.Draft a Limited Liability Partnership Agreement.Designate a registered agent.File a Certificate of Limited Liability Partnership.Register for an Employer Identification Number.Obtain a state ID number.Obtain required licenses and permits.

How to Form a Limited Liability Partnership Make sure you're eligible.Pick a name for your LLP.Designate a registered agent.Apply for business licenses.File a certificate of limited liability partnership.Draw up a partnership agreement.Check whether you need to purchase specific insurance plans.

An LP must have two or more owners. At least one must be a general partner who has unlimited, personal liability, and one must be a limited partner who has limited liability but is prohibited from participating in business management.

A limited liability partnership is similar to a limited liability company (LLC) in that all partners are granted limited liability protection. However, in some states the partners in an LLP get less liability protection than in an LLC. LLP requirements vary from state to state.

A limited partnership is formed by two or more entities and must have at least one limited partner and one general partner. Limited partners are only liable for the partnership's debts equal to their investment in the partnership.

North Dakota PROFESSIONAL LIMITED LIABILITY PARTNERSHIP REGISTRATION Related Searches

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More info

Complete all information on the Application for a Professional Limited Liability Company registration. Register an LLP Online Today With 6 Months Free Registered Agent Service!A professional limited liability partnership functions like a regular limited liability company although LLC is being used more often for tax purposes. The registration of the Partnership Fictitious Name Certificate: Affords exclusive right to that name in the State of North Dakota. A PLLC is a business structure that offers personal asset protection for business owners in licensed occupations, such as medicine and law. A Professional Limited Liability Company is a business structure reserved for professionals like doctors, lawyers, and others. Please complete this affidavit as part of the process. Other Partnerships Practicing a Licensed Profession. To use one of these fillable forms, simply complete on-screen, print and mail to our office together with the proper filing fee. Limited liability partnerships need to register with Registry of Joint Stock Companies to operate in Nova Scotia.

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