Partnership is a different type of organization than LLC. An LLC offers some legal protections, a partnership does not.
LLC Necessary for Partnership Company
Anyone know whether we can form a partnership contracting company in NYC without it being an LLC? If so, how?? We've found out that an LLC is very expensive--especially the publication requirement.
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What Thom said. In a general partnership you are putting yourself at risk for things a partner may do without your knowledge. FWIW, our LLC only cost $750 total.
Good Luck
Dave
Good Luck
Dave
I am in Oklahoma forming a new LLC partnership. My partner is the business guy, I think he said its costing around $150 to form it, he's a bit of a shadetree attorney.
We had the perfect name picked out, in Oklahoma anyway there cant be multiple registered same name LLC's. So we had to change our name a little. You might want to look into that before you get carried away.
We had the perfect name picked out, in Oklahoma anyway there cant be multiple registered same name LLC's. So we had to change our name a little. You might want to look into that before you get carried away.
I didn't mean a legal partnership, but just a business with 3 guys.
You'd better make sure it's legal. In a partnership the crap hits the fan eventually and it will be good to have everything documented. 3 guys just kinda working together means whoever sold the job will be on the hook for comp., UI, liability, taxes........I didn't mean a legal partnership, but just a business with 3 guys.
Good Luck
Dave
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