Browsers that can not handle javascript will not be able to access some features of this site.
Skip Navigation
Department of Energy, Labor & Economic GrowthMichigan.gov, Official Web Site for the State of Michigan
Michigan.gov Home DELEG Home | Sitemap | Contacts | Online Services | Agencies
Commercial Services & Corporations
> Business Services
Online Services
Corporation Division Calendar
Forms, Publications & Statutes
Corporations
Limited Liability Companies
Limited Liability Partnership
Limited Partnerships
Trademarks, Service Marks and Insignia
FILEOnline
> Licensing Services
> Consumer Services & Enforcement Division
> iCOLA
> Spotlighted Items
> Calendar of Events
> Forms & Publications
> Online Services
Inside DELEG
Agencies & Commissions
Construction Codes
Bureau of Energy Systems
Office of Financial and Insurance Regulation
DLEG Hearings, Appellate, Mediation and Rules
Jobs, Education & Training
Liquor Control
Metro Authority
DLEG MI Land Bank Fast Track Authority
MIOSHA
Wage Hour Division
Printer Friendly Version Printer Friendly   Text Only Version Text Version  Share this page.
Purpose

Agency: Energy, Labor & Economic Growth


Any partnership, including limited partnership, may register as a limited liability partnership.

 ADVANTAGES

 DISADVANDAGES 

 1.  Some limited liability to
       partners

  1.  Some liability for partnership debts and
      general liability for own acts.
  2.  Relatively easy to form  2.  Lack of continuity - terminates on death or
      withdrawal of partner.
  3.  Low start up cost

 3. Divides authority among partners
  4.  Partners can provide
      additional capital
Michigan Business One Stop
Link to Department and Agencies Web Site Index
Link to Statewide Online Services Index
Link to Statewide Web-based Surveys
Link to RSS feeds available on this site
Related Content
 •  Registered Agent and Registered Office
 •  Registering in Michigan
 •  Naming a Limited Liability Partnership

Michigan.gov Home | DELEG Home | State Web Sites
Accessibility Policy | Link Policy | Privacy Policy | Security Policy | Michigan News | Michigan.gov Survey

Copyright © 2001-2009 State of Michigan