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Reset Form CERTIFICATE OF LIMITED PARTNERSHIP DOMESTIC LIMITED PARTNERSHIP State Form 51586 (R5 / 616) Approved by State Board of Accounts, 2016 INSTRUCTIONS: SECRETARY OF STATE BUSINESS SERVICES

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How to fill out domestic limited partnership

01

Step 1: Obtain the necessary forms for filing a domestic limited partnership (LP) in your jurisdiction.

02

Step 2: Fill out the required information on the forms, including the name of the LP, the names and addresses of the general and limited partners, and the LP's principal place of business.

03

Step 3: Attach any additional documents or agreements that may be required, such as a partnership agreement.

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Step 4: Review the completed forms and documents for accuracy and completeness.

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Step 5: Submit the forms and payment for filing fees to the appropriate government agency.

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Step 6: Wait for the LP to be officially registered and receive any confirmation or documentation from the government agency.

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Step 7: Once registered, fulfill any ongoing compliance requirements, such as annual reports or tax filings.

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Step 8: Keep accurate records of the LP's activities and maintain good communication with partners.

Who needs domestic limited partnership?

01

Entrepreneurs or business owners who want to form a partnership with limited liability protection

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Individuals or entities looking to collaborate and share profits and losses in a business venture

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Professionals, such as lawyers, accountants, or consultants, who wish to operate a business together

04

Real estate investors or developers who want to pool resources and share risks and rewards

05

Anyone seeking to establish a formal business structure with clear roles and responsibilities for partners

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