In Texas, Limited Liability Partnerships are not technically a new business entity. So what is it then? An LLP is a general partnership (GP) or limited partnership (LP) that chooses to register with the state as a limited liability partnership. A GP or LP "chooses" to register as an LLP by submitting a form to the Secretary of State. LLP registration only lasts for one year, at which time it must be renewed. LLPs give personal liability protection to general partners for liab