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LLLP in Florida

LLLP in Florida

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Are you looking for a business structure that offers liability protection to all partners, including general ones? A Limited Liability Limited Part...

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Are you looking for a business structure that offers liability protection to all partners, including general ones? A Limited Liability Limited Partnership (LLLP) is the most advanced form of partnership in Florida — combining the investment flexibility of a Limited Partnership (LP) with the added legal security typically found in an LLC or Corporation.

At 100Services, we help you form an LLLP in Florida the right way — from name registration and document filing to drafting a custom partnership agreement and ensuring compliance with state law.

🧾 What Is an LLLP (Limited Liability Limited Partnership)?

A Limited Liability Limited Partnership (LLLP) is a registered legal structure consisting of:

  • General Partners — who manage the business but enjoy limited liability protection, unlike in a traditional LP.
  • Limited Partners — who invest in the business and also have limited liability...
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Are you looking for a business structure that offers liability protection to all partners, including general ones? A Limited Liability Limited Partnership (LLLP) is the most advanced form of partnership in Florida — combining the investment flexibility of a Limited Partnership (LP) with the added legal security typically found in an LLC or Corporation.

At 100Services, we help you form an LLLP in Florida the right way — from name registration and document filing to drafting a custom partnership agreement and ensuring compliance with state law.

🧾 What Is an LLLP (Limited Liability Limited Partnership)?

A Limited Liability Limited Partnership (LLLP) is a registered legal structure consisting of:

  • General Partners — who manage the business but enjoy limited liability protection, unlike in a traditional LP.
  • Limited Partners — who invest in the business and also have limited liability for debts and obligations.

In Florida, LLLPs must register formally with the state and include specific language in their certificate of formation to be recognized as LLLPs.

This structure is ideal for:

  • Real estate investment groups
  • Family businesses
  • Private equity and venture firms
  • Any partnership seeking management flexibility with legal protection

🛡 Key Features of a Florida LLLP

✔️ Limited Liability for All Partners

Unlike a standard LP, an LLLP gives general partners the same liability protection as limited partners. This means no partner is personally liable for the business’s debts — a significant advantage for entrepreneurs seeking to manage without risking personal assets.

✔️ Formal Structure with Flexibility

LLLPs combine the operational flexibility of partnerships with legal formality and risk protection. You can define how profits are split, how decisions are made, and how partners can exit — all in your partnership agreement.

✔️ Florida-Specific Business Advantage

Florida is one of the few states that explicitly recognizes and supports LLLPs under Chapter 620 of the Florida Statutes, making it an excellent jurisdiction for registering your LLLP.

🛠 What’s Included in Our LLLP Formation Package

We offer a full-service solution for creating your LLLP in Florida — legally, efficiently, and 100% online.

✅ 1. Business Name Search and Registration

  • Conduct an availability search for your LLLP’s name
  • File the name with the Florida Division of Corporations

✅ 2. Filing of Certificate of Limited Partnership (with LLLP Election)

  • Preparation and submission of Florida Form LP-1, with the required language to designate the entity as an LLLP
  • Appointment of a registered agent (we can serve as your agent)
  • Delivery of official LLLP registration certificate

✅ 3. EIN (Employer Identification Number) Registration

  • We apply for your EIN with the IRS, which is necessary for tax filings, bank accounts, and employment.

✅ 4. Business License and Compliance Guidance

  • Identify all required local and state licenses or permits
  • Ongoing compliance reminders (e.g., annual reports, renewals)

🌴 Why Register an LLLP in Florida?

Florida is one of the few states where LLLPs are formally recognized and protected by law. Here's why innovative businesses choose this structure:

  • Liability protection for both general and limited partners
  • Flexible governance with a custom agreement
  • Pass-through taxation for simplified tax reporting
  • No personal state income tax in Florida
  • Perfect for investor-backed ventures like real estate or finance partnerships

By forming your LLLP in Florida, you’re securing a solid legal foundation in one of the nation’s most business-friendly states.

⚠️ Important Legal Notes

  • LLLPs require specific language in their Florida Certificate of Limited Partnership to be recognized legally — failure to include this may result in default LP status with no liability protection for general partners.
  • Only some states recognize LLLPs, but Florida does, making it a strategic jurisdiction if you're doing business nationally.

100Services ensures your formation meets every legal requirement to avoid these risks.

💻 100% Online LLLP Formation — Fast, Accurate, & Stress-Free

From your initial consultation to your official documents, we handle everything online. No need to navigate legal jargon or complex state forms — we simplify the process so you can focus on your business.

You'll receive:

  • Certified formation documents
  • EIN confirmation
  • A compliance checklist

🚀 How It Works with 100Services

✅ Step 1: Tell Us About Your Partnership

We help you determine if an LLLP is the right choice and outline your ideal structure.

✅ Step 2: We File All State and Federal Documents

We register your LLLP with the state and apply for your EIN.

✅ Step 3: Get Licensed and Compliant

We help you identify licenses and track annual requirements.

✅ Step 4: Launch With Confidence

You’ll have everything you need to operate legally and protect every partner involved.

🏆 Why Choose 100Services?

  • All-inclusive service — EIN, licensing help, registered agent, and more
  • Online, fast, and stress-free — Everything is done remotely

With 100Services, you don't just form a business — you protect it from day one.

📞 Ready to Form a Florida LLLP?

Don't risk forming the wrong partnership. Let 100Services handle every step of your Limited Liability Limited Partnership in Florida — the right way.

📧 Contact us at sales@100services.com

🌐 Or get started online in minutes!

👉 Form your Florida LLLP today — maximum flexibility, full protection, and expert support.

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FAQ

An LLLP (Limited Liability Limited Partnership) in Florida is a hybrid business structure that includes both general partners and limited partners, but unlike traditional LPs, even general partners enjoy liability protection. This means no partner is personally responsible for business debts or legal claims. The structure is ideal for investors and entrepreneurs who want flexible management with legal protection. LLLPs must be formally registered and include specific language in their formation documents. At 100Services, we help you register an LLLP properly so you get the liability protection Florida law allows.

An LLLP is often confused with LLP (Limited Liability Partnership) or LP (Limited Partnership), but there are key differences. In an LP, general partners are personally liable, while in an LLLP, they are protected. An LLP, on the other hand, typically applies to professional groups like lawyers or accountants and offers shared management with liability protection but without a clear distinction between limited and general partners. If you're looking for a structure that allows silent investors (limited partners) and active managers (general partners) — all protected — an LLLP is the best fit. We’ll help you choose and form the proper structure for your needs.

Forming an LLLP in Florida offers several unique advantages:

  • Limited liability for both general and limited partners
  • Legal recognition in Florida (unlike in some other states)
  • Flexible management and ownership structures
  • Attractive to investors, especially in real estate and capital-intensive industries
  • Pass-through taxation, unless corporate treatment is elected

With 100Services, you also get fast filing, a custom agreement, and expert guidance.

Yes, Florida is one of the states that formally recognize LLLPs under Chapter 620 of the Florida Statutes. To create a valid LLLP in Florida, you must file a Certificate of Limited Partnership (Form LP-1) and include a statement electing LLLP status. Without that specific language, your partnership may default to a regular LP, exposing general partners to personal liability. 100Services ensures this key detail is included so you stay protected from the start.

A strong LLLP partnership agreement defines each partner's role, contribution, and rights. It typically includes:

  • Ownership percentages
  • Management rules
  • Profit and loss distribution
  • Voting and decision-making procedures
  • Withdrawal and dissolution terms
  • Liability protection clauses

While not required by Florida law, a well-drafted agreement protects all parties and ensures smooth operations. We include a custom Florida-compliant agreement in our LLLP package.

LLLPs are ideal for businesses that involve active managers and passive investors, especially:

  • Real estate investment firms
  • Venture capital funds
  • Family businesses
  • Asset management partnerships
  • Construction or project development ventures

If your business needs a clear division of control and capital — while protecting everyone legally — an LLLP is the right choice. At 100Services, we help all types of businesses benefit from this robust structure.

Yes. Every LLLP will need an Employer Identification Number (EIN) from the IRS, especially for taxes, hiring employees, or opening a bank account. Additionally, your LLLP may need business licenses and permits, depending on the industry and county in which you operate. 100Services helps with both — we register your EIN and identify local, state, or industry-specific licenses you need to stay compliant.

At 100Services, we offer the best conditions to start your Florida LLLP:

  • We handle all state filings with the correct LLLP designation
  • We draft a custom partnership agreement for your protection
  • We register your EIN and help with licensing
  • Fast, affordable, and 100% online service
  • Expert support throughout the setup and growth of your business

We don't just fill out forms — we help you start smart and stay protected.

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