Internet Business Counsel Since 1999

Flat Rate Option:
Form a Partnership

A partnership involves two or more persons carrying on a business for profit. The partnership is not a separately taxed entity, but rather, a conduit where the profit or losses of the partnership flow through to the partners. There are two basic types of partnerships:

General partnership
Limited partnership

A general partnership involves two or more persons who agree to create a business and share the profits and losses. All of the partners share equal rights and responsibilities in managing the business. In addition, each general partner assumes full personal liability for the debts and obligations of the partnership.

A limited partnership involves two or more persons who agree to create a business and share the profits and losses. A limited partnership has at least one general partner and at least one limited partner. The general partner is responsible for managing the business affairs, while the limited partner typically provides only capital to the partnership. Similar to the general partnership, each general partner assumes full personal liability for the debts and obligations of the partnership. The limited partner’s liability is limited to their investment in the business.

In order to form in California, a limited partnership must first file a certificate of limited partnership with the California Secretary of State. A limited partnership formed in another state must register with the California Secretary of State prior to conducting business in the state.

You are already on your way. These are the steps remaining...

Choose a Partnership Name (Included)
We work with you to clear a name that is not only available, but meets all of the requirements of your State. We will also assist you to evaluate your need for and the value of a trademark registration.
Identify your General Partners (Included)
We will explain the considerations involved in this choise and, if you like, serve as your California agent for service of process.
Choose an Agent for Service of Process (Included)
We will explain the considerations involved in this choise and, if you like, serve as your California agent for service of process.
Choose the Best Address to Begin Your Business (Included)
What kind of address can you use and what address should you use? We will walk you through the choice to get it right the first time.
Prepare Your Partnership Agreement (Optional Extra) 
Considering and setting out the perameters of the relationship between initial and future members can be one of the most important considerations for any company and one of most crucial to get right the first time.
Obtain Your IRS Tax ID (Optional Extra) 
Simple task for us, inconvenient for you. If you prefer, we can handle the entire process and obtain your Federal EIN for you as part of our Corporate formation work. 
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