Estate & Asset Protection
Cell-based · isolated liability per series

Form a Series LP or LLP. Cells with isolated liability.

Series LP and Series LLP are like Series LLCs: one master entity with multiple internal series (cells), each with isolated liability. Texas, Illinois, Ohio, and select other states allow series partnership structures. Best for real estate investors and investment funds wanting multiple isolated entities without forming each one separately. Cheaper than separate entities; jurisdictionally less tested.

All 50 states + DC 60-day money-back SOC 2 Type II
How it works

How we handle Series LP / LLP, end-to-end.

Series LP and Series LLP are like Series LLCs: one master entity with multiple internal series (cells), each with isolated liability.

1

State + structure selection

Series LP available in Texas (most common), Illinois, Ohio. Some states allow Series LLP. Series LLC much more common; series partnerships niche. We confirm state allows the structure and benefits match your use case.

2

Master partnership formation

Form master LP or LLP per state law. Partnership agreement specifies series creation mechanics, series management, distributions per series, isolated liability.

3

Series creation

Each series created internally per the partnership agreement. No additional state filing per series (the cost-saving benefit). Each series tracked separately for accounting and liability purposes.

4

Per-series operations

Each series has its own bank account, accounting books, and (if needed) EIN. Operations must maintain series separateness or risk losing isolated liability protection.

What we'll set up for you

A clean handoff, in four steps.

You give us the basics. We handle the state, the IRS, and the compliance clock so you can focus on the business.

01 · Name + Brand

A name that's actually available.

Real-time check against the state register, USPTO trademark database, and matching domains.

02 · State filing

Filed with the Secretary of State.

We submit your Articles, pay the state fee on your behalf, and return the stamped certificate.

03 · Federal IDs

EIN + the right tax setup.

Federal Employer ID with the IRS, plus state tax accounts when your business needs them.

04 · Stay compliant

Registered Agent + deadline tracking.

Your agent on file in every state, with every renewal and annual report tracked in one calendar.

Pricing

Transparent series lp / llp pricing.

Government fees pass through at cost. No upsells.

Real estate portfolio (5 series)

$2999
Master + 5 property series.

Master partnership plus 5 property series for real estate investors. Each series tracks one property. Significant savings vs. forming 5 separate partnerships.

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Series investment fund

$9999
Multi-series fund structure.

Master partnership plus multiple series for investment fund use (parallel funds, share classes). Coordinated with fund formation counsel. More complex structure.

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FAQ

About the Series LP / Series LLP Service.

What is a series partnership?
One master partnership entity with multiple internal series (cells). Each series has isolated liability (creditors of one cannot reach others). Similar to series LLC, but using LP or LLP structure.
Which states allow series partnerships?
Texas (most developed), Illinois, Ohio, and a few others allow series LP or LLP. Many more states allow series LLC. If your state does not allow series partnerships, series LLC is the equivalent vehicle.
Why series partnership instead of series LLC?
Mostly historical: some real estate investors and investment funds prefer partnership tax treatment over LLC default treatment. In practice, LLC can elect partnership taxation, so the choice is mostly state-specific or preference.
How is each series taxed?
Each series typically taxed as a separate partnership (or disregarded if single-member). Some IRS guidance still developing. We coordinate with tax counsel for clarity.
Does it work across state lines?
Less reliable than series LLC. Some states have not addressed series partnerships, leading to uncertainty whether they will respect the series separation. Series LLC has stronger case law nationally.
Should I use series partnership or series LLC?
For most real estate use cases, series LLC is preferred (more states, more case law, better understood). Series LP is niche, used mostly in Texas. We model both for your situation.
Why File.Business

Premium compliance, no service-fee markup.

Trust you can verify

SOC 2 Type II audited platform. 220,000+ businesses served. 60-day money-back on service fees. State fees passed through at cost with no hidden markup. Explicit AUP on restricted industries.

A compliance partner, not a transaction

Most providers go quiet after checkout. We auto-track every annual report, registered agent renewal, and license deadline across your entities. The Business OS dashboard keeps your compliance score visible year-round.

Premium experience competitors cannot match

Premium positioning, transparent pricing, no service-fee markup on state or federal filings. Premium positioning, transparent pricing, no service-fee markup on state filings.

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