Tuesday, May 24, 2016
Formation of Texas Entities FAQs
Formation of Texas Entities FAQs: (2) If an application to register a partnership as an LLP states that the underlying partnership only has one general partner, the underlying partnership must be an LP. (General partnerships must have at least two partners, and every partner in a general partnership is a general partner.) If there is no record that a formation document was filed with this office to create an LP, we will reject the LLP application. An LP can only be created by filing formation documents with our office. An LP must be created and in existence before it can take the additional step of registering as an LLP.
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