To form a limited liability company in Rhode Island, you must submit articles of organization to the Secretary of State. Before articles of organization can be filed, the name must be searched in order to insure that it is not deceptively similar to other entity names on file with the Secretary of State. A certificate of organization together with the duplicate article of organization will be returned to the filing party as evidence of organization. A limited partnership is an association of two or more owners, having two classes of ownership - general partners and limited partners. The general partners commonly run the business and are fully liable for all debts.
Limited partners are only liable for debts to the extent of their capital invested.
To form a limited partnership, a certificate of limited partnership must be filed with the Secretary of State. As with the other entities listed, the name must be searched to insure that it is not deceptively similar to another name on file and a registered agent must be maintained. A duplicate original will be returned to the filing party as evidence of the formation. A partnership may become a registered limited liability partnership by filing an application with the Secretary of State. By adhering to the statutory provision, including the maintenance of insurance, the general partners may limit their liability for negligent acts and omissions of others within the registered limited liability partnership.