Limited liability limited partnership Business type


A limited liability limited partnership (LLLP) consists of one or more:

  • General partners
    • Manages the business operations
  • Limited partners
    • Maintains a financial interest

Open a LLLP

An LLLP cannot be formed in California. An LLLP formed in another state must register with the California Secretary of State (SOS) before they start doing business in California.

Filing Requirements

LLLPs do not pay income tax but they are subject to the annual tax of $800.

Your return is due the 15th day of the 3rd month after the close of your taxable year.

For more information visit due dates for business.

Partnership return of income (Form 565)

You are required to file Partnership Return of Income (Form 565) if you are an LLLP that:

Visit 565 Partnership Tax Booklet for more information

Estimated tax

The LLLP has no estimated tax requirements. However, partners may have to make their own estimated tax payments.