allow for the direct creation of a limited liability limited partnership.

Added authority to directly form a limited liability limited partnership by filing a certificate of limited liability limited partnership with the secretary of state, rather than only converting an existing limited partnership.

Established new filing requirements for the certificate, including the entity name must end with 'Registered Limited Liability Limited Partnership' or 'LLLP', plus standard business information and a statement electing the entity type.

Set the effective date of the new entity formation provisions to January 1, 2027.

Modified the qualification process for existing limited partnerships to become limited liability limited partnerships, clarifying voting requirements and adding the requirement that the entity name must end with specific designations.

Added provisions stating that upon qualification or formation, the entity is simultaneously a limited partnership and a limited liability limited partnership for all purposes under the chapter.