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Licensing and Regulatory Affairs
The proposed name of a limited partnership must be distinguishable from the name of other domestic or foreign corporations, limited partnerships, or limited liability companies. The name also may not contain a word or phrase indicating it is organized for a purpose other than is stated in the Certificate of Limited Partneship.
In addition, the name of the limited partnership may only contain the name of a limited partner if 1) the name is also the name of a general partner or the corporate name of a corporate general partner, or 2) the business of the partnership had been carried on under the name before the admission of the limited partner. A limited partnership name may not include the words "corporation", "incorporated", or any abbreviation or derivative of those words.
If a limited partnership desires to operate under one or more names other than the partnership's true name, a Certificate of Assumed Name (BCS/CD 541) must also be filed. The assumed name must be distinguishable from the names of active limited partnerships, corporations or limited liability companies.
Prospective partners should wait until their certificate of limited partnership is filed before ordering or purchasing items such as signs, business cards and stationery to avoid problems that may arise due to a conflict with another entity's name.
If more time is needed to organize the limited partnership, the name may be reserved by filing an application for that purpose and paying the required fee. This reservation reserves the name for 120 days and can be extended for two periods of 60 days each.