950 CMR, § 111.06

Current through Register 1533, October 25, 2024
Section 111.06 - Name of Partnership
(1) The name of every Registered Limited Liability Partnership shall end with the words "registered limited liability partnership", "limited liability partnership", or the abbreviation L.L.P. or LLP.
(2) The name of every Registered Professional Limited Liability Partnership shall end with the words "registered professional limited liability partnership", "professional limited liability partnership", "registered limited liability partnership", "limited liability partnership" or the abbreviation L.L.P. or LLP.
(3) The name of every Registered Foreign Limited Liability Partnership shall contain the words "registered limited liability partnership", "limited liability partnership", or the abbreviation L.L.P. or LLP as the last words or letters of its name or such other similar words or abbreviation as may be required or authorized by the law of the state where the partnership is registered.
(4) Any person intending to register a partnership may reserve the right to use the name, if available, under the laws of the Commonwealth. The reservation shall be made by filing an application with the Division specifying the name to be reserved and the name and address of the applicant. The application must be accompanied by a $15.00 filing fee. The name shall be reserved for a period of 30 days.

The reservation may be extended for an additional 30 day period upon written request of the applicant and payment of an additional $15.00 fee.

The right to use of a reserved name may be transferred to any other person by filing a notice of the transfer, executed by the applicant for whom the name was reserved, specifying the name and address of the transferee and accompanied by a fee of $15.00.

950 CMR, § 111.06