W E L C O M E
to Registered Agents Legal Services, LLC. We advertise our prices knowing that we provide a cost-effective alternative for your corporate filing/information retrieval needs. Since many of our clients have unique requests, we strive to add flexibility to our personable service.

Registered Agents Legal Services delivers reliable and accurate service, while remaining dedicated to the highest business and ethical standards. Use us as a registered agent, to incorporate a business, form a limited liability company, or for other incorporation needs. Since 1999, Registered Agents and its affiliated companies provide a comprehensive range of corporate filing and information services in all 50 states.

Headquartered in corporate-friendly Delaware, Registered Agents Legal Services has direct on-line access to the Delaware Division of Corporations. Our expertise and extensive network of agents gives us immediate access to corporate information in all 50 states.

Thank you for visiting our site. We try and keep it simple and straight to the point while leaving out the extra fluff. Feel free to call, we are still glad to give you personalized service over the phone.
Welcome to IncLegal.comMonday, December 18, 2017  
GENERAL PARTNERSHIP


A general partnership is an association of two or more people or organizations who agree to cooperate in carrying out some business or other activity. The agreement by which partners may form a partnership may be written, oral or impled, and it is not necessary to file any document with any government agency. Indeed, a court may rule that people or entities conducting certain types of business with one another are partners, even if they never intended to form a partnership.

In Delaware, a statement of partnership existence may be filed with the Secretary of State if the partners opt to do so; such a filing may be needed for the partnership to open bank accounts, secure business loans, and carry out other business functions. Delaware partnerships are governed by the Delaware Revised Uniform Partnership Act, 6 Del. C. §§ 15-101 et seq. (“DRUPA”), although many of the provisions of DRUPA may be modified by the partnership agreement if the partners so wish.

Partners in a general partnership do not enjoy the limited liability protection of stockholders of corporations, members of limited liability companies, limited partners in a limited partnership and statutory trusts. This means that partners in a general partnership may be held personally liable for debts and obligations of the partnership.

Usually, a general partnership is not a taxable entity for U.S. federal or Delaware income tax purposes. Partners are taxed on their income from the partnership. In rare cases, partners may elect to be taxed as a corporation.

 

Copyright © 1999- Registered Agents Legal Services, LLC. ALL RIGHTS RESERVED

Designed by Towson Ink, LLC
(c)Towson Ink, LLC 2016
Towson, Maryland 21286
www.towsonink.com