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Website: https://www.sos.ca.gov/business-programs/business-entities/filing-tips/filing-tips-
corp/#artsstk
5. Limited Partnership
Definition: A limited partnership is made up of two or more persons, including at least one
general partner and one limited partner. Details of this structure may vary from state to state.
Business affairs of a limited partnership are conducted according to a partnership agreement
created by the partners.
The agreement does not need to be filed publicly, but the company does need to file a
certificate of formation. If you want to limit the liability of the general partners, you have the
option of registering as a limited liability partnership. The Secretary of State can provide these
forms.
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