Nevada (88) Limited-Liability Limited Partnership Registration (NRS CHAPTER88) is a type of business entity formed by two or more people, or entities, to conduct business activities in the state of Nevada. It is a combination of a Limited Liability Company (LLC) and a Limited Partnership (LP). With this type of registration, the partners enjoy limited liability protection similar to that of an LLC, while having the flexibility of a partnership. There are two types of Nevada (88) Limited-Liability Limited Partnership Registration (NRS CHAPTER88): general partnerships and limited partnerships. In a general partnership, all partners are liable for the firm's debts and obligations, while in a limited partnership, some partners have limited liability and are not responsible for the debts and obligations of the business. In order to form a Nevada (88) Limited-Liability Limited Partnership Registration (NRS CHAPTER88), the partnership must submit a Certificate of Limited Liability Limited Partnership Registration to the Nevada Secretary of State's office. This registration includes the name of the business, the names of the partners, the address of the business, and the purpose of the business. Additionally, the partnership must pay a registration fee, file an annual report, and keep the partnership's books up to date.