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
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