Limited-Liability Limited Partnership (LLLP) | InCorp Services

Limited-Liability Limited Partnerships (LLLP)

With InCorp Services you can order your new LLLP online for any of the 50 US States, Washington D.C., Puerto Rico or U.S. Virgin Islands!

InCorp prices starting at $119 (plus applicable state fees)

You may wish to consider owning your company in a LIMITED LIABILITY LIMITED PARTNERSHIP ("LLLP" or "Triple LP") for enhanced protection from lawsuits.

For lawsuit protection, assets held by the LLLP do not belong to the individual partners themselves, and under recent Nevada statutory law, a creditor may not pierce the Limited Partnership. They are limited to only obtaining a "charging order" as his sole remedy - which may prove fruitless if the General Partner (you) decide not to make distributions.

Limited-Liability Limited Partnerships are different from traditional Limited Partnerships. General partners are individually and jointly responsible for obligations and debts of the limited partnership, whereas in the case of LLLP, partners are not legally liable for obligations and debts that exceed their own capital contributions.

The Triple LP should also own those investments that are not inside of a Retirement Account (i.e., Mutual Funds, Brokerage Accounts, etc.)

Remember, you can lose your cherished personal assets in a lawsuit. The LLLP allows you to achieve what John D. Rockefeller once suggested: "Own Nothing but Control Everything."

Note that LLLP entities require registered agent service for compliance. InCorp can provide this service for an extremely low annual fee.