Entity Chart - Formation Taxation Liability (judgments)...

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GP LLP LP LLC Corp Formation  No filing  requirement You only need an  agrmt b/t 2 or more ppl to  carry on a bizfor profit can be created by  default, mistake,  unintentionally  operating doc =  partnership agreement UPA §7 p. 5 ;  RUPA§202(c)  p. 26  RUPA§1001 pg. 48  1) same rules as  GP, but also 2) must File  cert       of limtd   partnership 3)  Name Reqmt  - §1002 pg. 48 RUPLA §201 pg. 75 1) file  certificate of   limited partnership  w/ sec  of state in whatever state is  chosen (cant be created  casually)  and  2) must have   Limited   partnership agreement 3)  Name  Requirement    RULPA§108  pg. 69 file  articles of   organization  w/ sec of  state and  have an  operating agreement   (not filed) DGCL  Taxation  Flow Through Flow Through Flow Through Flow Through Double Taxn  Liability  (judgments)  Unlimited Liability
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This note was uploaded on 04/12/2008 for the course LAW 633 taught by Professor Williams during the Fall '06 term at University of Illinois at Urbana–Champaign.

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