Texas Business Organizations Code 5.055 – Name of Limited Partnership or Foreign Limited Partnership
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(a) The name of a limited partnership or foreign limited partnership must contain:
(1) the word “limited”;
(2) the phrase “limited partnership”; or
(3) an abbreviation of that word or phrase.
(b) The name of a domestic or foreign limited partnership that is a limited liability limited partnership must also contain the phrase “limited liability partnership” or an abbreviation of that phrase.
Terms Used In Texas Business Organizations Code 5.055
- Domestic: means , with respect to an entity, that the entity is formed under this code or the entity's internal affairs are governed by this code. See Texas Business Organizations Code 1.002
- Foreign: means , with respect to an entity, that the entity is formed under, and the entity's internal affairs are governed by, the laws of a jurisdiction other than this state. See Texas Business Organizations Code 1.002
- Limited liability limited partnership: means a partnership governed as a limited liability partnership and a limited partnership under Title 4. See Texas Business Organizations Code 1.002
- Limited partnership: means a partnership that is governed as a limited partnership under Title 4 and that has one or more general partners and one or more limited partners. See Texas Business Organizations Code 1.002
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Partnership: means an entity governed as a partnership under Title 4. See Texas Business Organizations Code 1.002
(c) The name of a domestic or foreign limited partnership that is a limited liability limited partnership complies with the requirements of Subsections (a) and (b) if the name of the limited partnership contains the phrase “limited liability limited partnership” or an abbreviation of that phrase.