The answer is no. As the state laws usually implies conditions to a business form that is considered a partnership.

However, is this how you and your partner(s) want your Limited Liability Partnership to be run? Most people choose to have a partnership as they have control and flexibility of their own business. How are you possibly able to do that if you are relying on the statute to guide you on your business decisions?

It is wise to have a meeting with your partners and discuss what your business expectations are and what you hope to achieve. This will not only give you an idea of what each others expectations are but it can reveal any points that there maybe of possible conflict and deal with them before you even form your partnership.

You do not have to spend extortionate amounts of money to have a partnership agreement drawn up. If you and your partners can come together and note down those matters that are important to you and what you have agreed you can have it drafted easily by online legal document drafters at a fraction of the cost.

Well its relatively simple compared to a Corporation, as you do not have to hold formal meeting for the directors and the shareholders or take minutes. However, a partnership relies heavily on what was agreed in the Partnership Agreement. Therefore, the partners may prepare minutes and agree to have regular meetings for the smooth running of their business.

As is required for a Corporation an LLP is not required to report its accounts, which is open to public inspection. This is usually a great relief to the small as it maintains business privacy.

A Limited Liability Partnership or LLP can be used by most businesses but is commonly used if you are an accountant, architects or lawyer as these types of businesses were not allowed to form Corporations due to the fact that the shareholders have a say in the business which is not ideal in professions that need to be personally licensed. A LLP remains within the control of partners and they are responsible for every aspect of the business.

Also if you want to limit your losses of your business to just your investments you can use an LLP, in the past certain professionals were personally liable for any losses of the business and there was no way of shielding themselves from creditors, when the Uniform Partnership Act came into force it was welcomed by businesses that wanted to protect their personal belongings from the what happened in their business and limit what they lost to their investments.

You need to look to your individual state legislation as to whether your business can be set up as a Limited Liability Partnership, as most some states only allow professional, for example accountants and lawyers/attorneys, to become a Limited Liability Partnership.