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Reset Form CERTIFICATE OF LIMITED PARTNERSHIP DOMESTIC LIMITED PARTNERSHIP State Form 51586 (R4 / 316) Approved by State Board of Accounts, 2016 INSTRUCTIONS: SECRETARY OF STATE BUSINESS SERVICES

How to fill out certificate of limited partnership

How to fill out a certificate of limited partnership:

1. Begin by obtaining the appropriate form for a certificate of limited partnership from the relevant government agency or department.
2. Fill in the legal name of the limited partnership in the designated space on the form. This should be the exact name as registered with the appropriate state or jurisdiction.
3. Provide the principal office address of the limited partnership. This is typically the main location where the partnership conducts its business operations.
4. Include the name and address of each general partner involved in the limited partnership. General partners have active management and unlimited liability.
5. Indicate the term of the partnership, in terms of the date it commenced and when it is scheduled to dissolve, if applicable.
6. Describe the nature of the partnership's business activities or purpose in the provided section. Be clear and concise in explaining the main objectives of the partnership.
7. If the partnership intends to engage in activities outside of its regular business scope, specify any additional powers or limitations in this section.
8. Attach any necessary supporting documentation or exhibits, as required by the specific jurisdiction's regulations. This may include a copy of the partnership agreement or any relevant business licenses.
9. Sign and date the certificate of limited partnership, ensuring that all general partners provide their signatures. Depending on the jurisdiction, notarization may be required for the signatures.
10. Finally, submit the completed certificate of limited partnership form along with any necessary fees to the appropriate government agency or department.

Who needs a certificate of limited partnership?

1. Limited partnerships that wish to establish their legal existence and operate within a specific state or jurisdiction need a certificate of limited partnership.
2. Individuals or entities that want to create a partnership where there are general partners who have management responsibilities and unlimited liability, and limited partners who have limited liability and are not actively involved in the business operations, will need this certificate.
3. This document is typically required for the limited partnership to avail itself of legal protections and benefits, such as limited liability for the limited partners, that are afforded to this type of business structure.
4. Investors, lenders, or other parties engaging in business transactions with the limited partnership may also require a certificate of limited partnership as proof of the entity's legal standing and compliance with relevant regulations.

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What is certificate of limited partnership?

A certificate of limited partnership is a legal document that establishes a limited partnership.

Who is required to file certificate of limited partnership?

The general partners of a limited partnership are required to file the certificate of limited partnership.

How to fill out certificate of limited partnership?

To fill out a certificate of limited partnership, you will need to provide information about the limited partnership, its general partners, and the business activities it will engage in.

What is the purpose of certificate of limited partnership?

The purpose of a certificate of limited partnership is to legally establish the existence of a limited partnership and define the rights and responsibilities of the general partners.

What information must be reported on certificate of limited partnership?

The certificate of limited partnership must include the name of the limited partnership, the names and addresses of the general partners, and the business address of the limited partnership.