Limited Partnership LimitedUnited States · Florida
What it takes to form, own and run a limited partnership in United States · Florida, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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all general partners are liable jointly and severally for all obligations of the limited partnership unless otherwise agreed by the claimant or provided by law.
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means an entity, having one or more general partners and one or more limited partners, which is formed under this act by two or more persons
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For filing an original certificate of limited partnership: $965.
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does not pay income tax. Instead, it "passes through" profits or losses to its partners.
Form it
Who registers it
- Registry
- Formed without visiting
- Not in our records
- Formed online
- Not in our records
What it takes to form
- A notary
- Not required
- A resident director
- Does not apply
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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means an entity, having one or more general partners and one or more limited partners, which is formed under this act by two or more persons
- A local company secretary
- Not required
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A limited partnership shall designate and continuously maintain in this state: (a) A designated office, which need not be a place of its activity in this state. (b) A registered agent for service of process upon the limited partnership and a registered office
- A local registered agent
- Required
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A registered agent of a limited partnership or foreign limited partnership must be an individual who is a resident of this state or other person authorized to do business in this state.
Each year, at the registry
- Annual registry fee
- USD 411.25 (about €360)
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For filing an annual report: $411.25.
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Limited are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Limited.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners+1 regime
A partnership does not pay federal income tax; profits pass through to the partners. Florida corporate income tax reaches corporate partners (a foreign corporation that is a partner in a Florida partnership files a Florida return).
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does not pay income tax. Instead, it "passes through" profits or losses to its partners.
Special regimes that may apply
- Qualified opportunity zones free zone
Taxpayers with eligible gains who invest them in a Qualified Opportunity Fund holding property in a designated zone 26 U.S.C. § 1400Z-1 (designation) and § 1400Z-2 (deferral and exclusion), enacted by the Tax Cuts and Jobs Act of 2017, Public Law 115-97
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in United States
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Dissolution and winding up; certificate of dissolution (s. 620.1109(12)); administrative dissolution for failure to file the annual report.
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For filing a certificate of dissolution: $52.50.
- Statutory fee
- USD 52.5 (about €46)
Every business in United States · Florida
Sales and consumption tax
- The tax
- Sales tax (state and local)
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you can elect to deduct state and local general sales taxes
- Standard rate
- Set by the states or provinces
There is no national VAT or sales tax; rates are set by each state and locality.
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you can elect to deduct state and local general sales taxes
- Registration threshold
- Not in our records
- A foreign company
- See the note
Sales tax is administered by state and local authorities, not the federal government, so there is no national registration rule to record.
- Tax authority
- Internal Revenue Service (IRS) at federal level; sales tax is administered by state and local authorities
Portals and registers
- Business registerNone — state-level business registries; no single national registry
- Tax authorityInternal Revenue Service (IRS)
- Tax treatiesUS Department of the Treasury - Tax Treaties
Payment and banking services
6 services name United States on their own list: Paysera, Airwallex, Stripe, Revolut, Brex, Mercury. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited partnershipDerived our grouping, the same words in every country
- Name in law
- Limited Partnership (Limited)
- ISO 20275 code
- 5DS0Secondary GLEIF, Entity Legal Forms code list