Minnesota Limited Liability Partnership Definition
A Minnesota Limited Liability Partnership is an existing general partnership registering with and avail itself of special legal rules that limit the liability of the partners. This registration makes the partnership a limited liability partnership (LLP). To register an LLP, a Statement of Qualification form is required.
An annual renewal and fee is required once each calendar year. There is a fee to file the renewal or the reinstatement if the registration is administratively dissolved for failure to file the annual renewal.
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