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Limited Partnership (LP)

Law Office of David M. Goldman PLLC represents individuals and Florida Businesses in Jacksonville and the surrounding areas in Florida Business law and Florida Business Formation. Our Florida Business Attorneys and Florida Business Lawyers work with clients in to help them choose the correct entity to use when conducting business.

A Florida Limited Partnership is a business entity with two or more owners. In addition, there are two types of partners. The partners are separated in to Limited Partners and General Partners. There must be at least one of each. The general partners are personally liable for all the debts and liabilities of the partnership. Unlike the Florida Sole Proprietorship or the Florida General Partnership, the general partners of a Florida Limited Partnership are liable for the debts of the company. To be eligible for limited partnership status, the partner cannot participate in the active management of the partnership. Limited partners must be carful to participate in the control of the business or the shield against liability may be "pierced" and the partner may loose their personal protection. This business entity requires a certificate of limited partnership to be file with the state of Florida.

If you need help with starting or managing a Florida Business CONTACT our Florida Business Lawyers by email or call us at 904-685-1200 to discuss your situation today.

Client Reviews
★★★★★
After years of trying to protect my assets from creditors, I was shocked to find out that my assets were unprotected in ways I had never considered. Not only had I placed my assets at risk from my mother's creditors, but I had placed my assets at risk from other family members who were intent on manipulation. When my mother died, I discovered that a family member had changed my mother's estate planning documents. Mr. Goldman and his team were able to explain what went wrong and successfully defended my position in court. During the case, I learned that I could have had much better protection from family and creditors, thus avoiding years of litigation and undue familial stress. When it comes to protecting your assets and your family, I would highly recommend hiring Mr. Goldman and his team. Bill H.
★★★★★
As a real estate agent, I have been involved with many property transactions where I needed a probate attorney to help facilitate the transaction. I have used the services of Mr. Goldman and his staff over the last several years and continue to use them on a regular basis. His office has been able to navigate the court system and help estates sell their property quickly and efficiently. In addition, Mr. Goldman can help real estate investors structure trusts to protect their assets from creditors. Michael Starling
★★★★★
This office is fantastic. I was faced with a horrible situation and this office helped to put an end to the untenable situation. Ms. Kendal Schoepfer was always available before, during, and after office hours to answer any questions that I had. I highly recommend this law office to all. Tisha Brown
★★★★★
Kendal was an amazing answer to a difficult time. Highly recommend her!!! Dana Ramsey