Also known as: LP · limited partnership
Written by attorneys · grounded in primary & secondary sources — see below
An abbreviation that a limited partnership must include in its name under the Uniform Limited Partnership Act to signal its entity type. The abbreviation distinguishes the entity from a limited liability limited partnership and satisfies state filing requirements for name distinguishability.
Lone Peak Energy decides to form a limited partnership with several investors. It submits formation documents to the secretary of state under the name Lone Peak Energy L.P. The filing is accepted because the chosen name satisfies the statutory requirement for the abbreviation.
Levi Lowe and his colleagues operate a general partnership that has not elected limited liability status. They attempt to file under the name Lowe Associates L.P. The secretary of state accepts the name because it contains the required abbreviation for a limited partnership.
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Lila Lin and two associates agree to form Legacy Motors L.P. Upon filing the certificate of limited partnership, the name includes the required L.P. abbreviation. The filing is accepted because the chosen name satisfies the statutory requirement.
Liberty Trust converts its general partnership into a limited liability partnership. It registers under the name Liberty Trust L.P. The secretary of state approves the filing because the name now includes the required abbreviation for that entity type.
Landmark Realty L.P. files its certificate using the required L.P. abbreviation. The secretary of state accepts the name because it satisfies the statutory requirement for limited partnership names.
Lucia Lopez invests as a limited partner in Lone Peak Energy L.P. The formation documents use the required L.P. abbreviation. The secretary of state accepts the filing because the name satisfies the statutory requirement.
The name must contain the phrase limited partnership or the abbreviation LP or L.P. This requirement distinguishes the entity from a limited liability limited partnership.
Supporting sources
The abbreviation L.P. signals limited-partnership status in the name. It does not itself create or alter personal liability rules.
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The name must include L.P. or equivalent upon filing. Status as limited partner arises separately under the initial agreement.
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The partnership agreement governs relations. The required L.P. abbreviation in the name is a separate filing requirement.
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…Revlon.[^maj-1] The defendants are Revlon, its board of directors, and Forstmann Little & Co. and the latter’s affiliated limited partnership (collectively, Forstmann). The injunction barred consummation of an option granted Forstmann to purchase certain Revlon assets (the lockup option), a promise by Revlon to deal exclusively…