HB1096 — allow for the direct creation of a limited liability limited partnership.
What changed between bill versions as it moved through the Legislature.
The amendment creates an alternative pathway for forming a limited liability limited partnership by allowing direct creation through filing a certificate with the secretary of state, rather than requiring an existing limited partnership to convert, which BROADENS the bill to enable both direct formation and conversion methods. It also adds an effective date of January 1, 2027, and makes technical corrections to the conversion requirements.
The enrolled version reorganized and clarified the bill's language without changing its substantive purpose—it restructured how existing limited partnerships qualify as limited liability limited partnerships (requiring partner approval, filing a statement, and adopting the proper name) and explicitly added the ability to form a limited liability limited partnership directly by filing a new certificate, rather than converting an existing entity. This BROADENS the bill by establishing an alternative direct-formation path alongside the conversion pathway for existing partnerships.