Forming a Texas Limited Partnership

A limited partnership is a legal entity designed to carry on a business, which is comprised of one or more general partners and one or more limited partners. General partners manage the business and are personally liable for the debts of the partnership. Limited partners do not participate in the management of the business, and they are not personally liable for the debts of the partnership beyond the amount of his or her capital contribution to the partnership. Both general partners and limited partners share in the profits of a limited partnership.

Limited partnerships are highly customized and tailored to specific circumstances; therefore, an hourly rate of $160 will be charged for legal services. We will provide you with an estimate of the fees before we begin any legal work.

What You Need to Get Started

Contact Us and make an appointment for a preliminary consultation which may be conducted in person or by telephone.
At the preliminary consultation we will answer any questions you may have about forming your business.
Submit your Limited Partnership information online.
We will contact you when the final documents have been prepared, which should be within 10 business days after you submit your Texas Limited Partnership information online.