LIMITED LIABILITY PARTNERSHIPS
A limited liability partnership (“LLP”) is similar in certain respects to a limited liability company
. An LLP is a type of partnership, recognized in a majority of states, that protects a partner from personal liability for negligent acts committed by other partners or by employees not under his or her direct control. Many states restrict this type partnership to professionals, such as lawyers, accountants, architects, and healthcare providers.
In New York State, a partnership, without limited partners, where each partner is a professional authorized by law to render a professional service, may register as an LLP with the New York State Department of State by filing a certificate of registration. For more information about LLPs in New York State:
For more information about LLPs generally: