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Navajo Nation Division of Economic Development Post Office Box 663 Window Rock, AZ 86515 Business Regulatory Dept (928) 871-7365 871-6714 Fax: (928) 871-7381 NAVAJO NATION UNIFORM PARTNERSHIP ACT

How to fill out statement of partnership authority

How to fill out a statement of partnership authority:

1. Start by obtaining the necessary form: The statement of partnership authority can typically be obtained from the Secretary of State's office or the relevant government agency in your jurisdiction. You can also check their website for a downloadable version of the form.
2. Provide basic information: Begin by filling out the required fields on the form such as the name of your partnership, the address, and other essential details. Make sure to provide accurate information to avoid any issues in the future.
3. Identify the partners: List the names, addresses, and contact information of all partners involved in the partnership. Include both general and limited partners, if applicable.
4. Define the authority: Indicate the scope of authority each partner has within the partnership. Specify whether they have general or limited authority to act on behalf of the partnership and make decisions. This clarifies the responsibilities and limitations of each partner.
5. Describe the partnership business: Briefly explain the nature of your partnership's business activities, including the industries you operate in and any specific services or products you provide. This information helps the authorities and other parties understand the purpose of your partnership.
6. Identify the registered agent: Provide the name and contact information of the registered agent for your partnership. The registered agent is the person who will receive official documents and legal notices on behalf of the partnership.
7. Sign and notarize the statement: Once you have completed filling out the form, ensure that all partners sign it. Some jurisdictions may require notarization, so make sure to have the form notarized if necessary.

Who needs a statement of partnership authority?

1. Partnerships: Any general partnership or limited partnership that wants to clarify the roles, responsibilities, and authority levels of each partner should consider filling out a statement of partnership authority. It helps establish a clear understanding among partners and can be beneficial when dealing with external parties such as banks, investors, or government agencies.
2. State filing requirements: In some jurisdictions, filing a statement of partnership authority is mandatory for partnerships. It serves as a legal requirement to register the partnership and make it officially recognized. Failure to file this document may result in penalties or the partnership not being recognized as a legal entity.
3. Expansion or changes: If a partnership undergoes significant changes, such as adding new partners or altering the existing partnership agreement, it may be necessary to update or file a new statement of partnership authority. This ensures that all partners and external parties are aware of the revised structure and authority within the partnership.

It's always advisable to consult with a legal professional or seek guidance from the relevant government agency in your jurisdiction to ensure compliance with the specific requirements and regulations related to filling out a statement of partnership authority.

For pdfFiller’s FAQs

What is statement of partnership authority?

The statement of partnership authority is a legal document that provides information about the formation and operation of a partnership, including the names of the partners and their authority to act on behalf of the partnership.

Who is required to file statement of partnership authority?

Partnerships are required to file a statement of partnership authority with the appropriate state agency or secretary of state. The specific requirements may vary depending on the jurisdiction.

How to fill out statement of partnership authority?

To fill out a statement of partnership authority, you will need to provide the required information, such as the partnership's name and address, the names and addresses of the partners, and details about their authority to act on behalf of the partnership. The form can usually be obtained from the state agency or secretary of state's website.

What is the purpose of statement of partnership authority?

The purpose of the statement of partnership authority is to provide a public record of the formation and structure of a partnership. It helps establish the legal identity of the partnership and provides information to third parties dealing with the partnership.

What information must be reported on statement of partnership authority?

The information reported on a statement of partnership authority typically includes the partnership's name and address, the names and addresses of the partners, the purpose and duration of the partnership, and the authority of each partner to act on behalf of the partnership.

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