Limited Partnership L.P.United States · Nevada
What it takes to form, own and run a limited partnership in United States · Nevada, 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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a limited partner is not liable for the obligations of a limited partnership unless the limited partner is also a general partner or, in addition to the exercise of his or her rights and powers as a limited partner, the limited partner participates in the control of the business.
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a partnership formed by two or more persons under the laws of this State and having one or more general partners and one or more limited partners
The registry’s and the law’s own pages do not mention it.
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A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the L.P..
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- At least 2 · a company may be one
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a partnership formed by two or more persons under the laws of this State and having one or more general partners and one or more limited partners
- Members
- At least 2
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“Limited partnership” and “domestic limited partnership” mean a partnership formed by two or more persons under the laws of this State and having one or more general partners and one or more limited partners, including a restricted limited partnership.
- A local company secretary
- Does not apply
- A local registered agent
- Required
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A registered agent filing must state: (a) The name of the represented entity’s commercial registered agent
Each year, at the registry
- Annual registry fee
- USD 150 (about €131)
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Each annual list required by subsection 1, pay to the Secretary of State a fee of $150.
- 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 L.P. are in our records.
What is public
Not in our records What the register shows the public is not in our records for the L.P..
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners+1 regime
Federal (irs.gov partnerships page): a partnership files an annual information return and does not pay income tax; profits pass through to the partners. Nevada (read 15 Oct 2026): tax.nv.gov states 'The Commerce Tax is imposed on businesses with a Nevada state gross revenue exceeding $4 million per fiscal year' (NRS 363C.200; a gross-revenue tax at 0.051 to 0.331 percent of revenue above $4,000,000 by business category, NRS 363C.310-363C.560), and NRS 363B.110 imposes a payroll excise tax of 1.475 percent of wages above $50,000 a quarter. No page read states whether Nevada levies any tax on net profit, so no state profit layer is recorded.
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A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax.
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
- Cancellation by filing a Certificate of Cancellation for a limited partnership with the Nevada Secretary of State (NRS chapters 87A and 88, as the Secretary of State's Close a Business page cites them).
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(NRS Chapter 87A, 88) Certificate of Cancellation Limited Partnership
- Statutory fee
- USD 100 (about €87)
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Cancellation of Domestic Limited Partnership $100.00
Every business in United States · Nevada
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 (L.P.)
- ISO 20275 code
- 62L3Secondary GLEIF, Entity Legal Forms code list