Get the free Michigan Domestic Limited Partnership Registration

CSC/CD-401 (Rev. 02/13) MICHIGAN DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS CORPORATIONS, SECURITIES & COMMERCIAL LICENSING BUREAU Date Received (FOR BUREAU USE ONLY) This document is effective

How to fill out michigan domestic limited partnership

How to fill out Michigan domestic limited partnership:

1. Complete the Certificate of Limited Partnership: Obtain and complete the Certificate of Limited Partnership form from the Michigan Secretary of State website. Provide the name of your partnership, the address, the names of the general partners, and any other required information.
2. Appoint a registered agent: Choose a registered agent who will be responsible for receiving legal documents on behalf of the partnership. The registered agent must have a physical address in Michigan.
3. File the Certificate of Limited Partnership: Submit the completed Certificate of Limited Partnership along with the required filing fee to the Michigan Secretary of State's office. You can file online, by mail, or in person.
4. Draft a partnership agreement: Although not required by law, it is recommended to draft a partnership agreement that outlines the rights, responsibilities, and obligations of each partner. This agreement can help resolve any disputes that may arise in the future.
5. Obtain necessary licenses and permits: Depending on the nature of your partnership's business, you may need to obtain specific licenses or permits from local or state agencies. Research the requirements and ensure compliance.
6. Obtain an EIN: If your partnership has employees or is required to file federal taxes, you will need to obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS).

Who needs Michigan domestic limited partnership:

1. Business partners: Individuals or entities who wish to form a partnership with one or more partners to conduct a business in Michigan can consider forming a domestic limited partnership. This structure allows for a division of management and liability among the partners.
2. Professionals: Professionals such as attorneys, accountants, or architects, who are prohibited from forming general partnerships, can form domestic limited partnerships to provide professional services, while still limiting their personal liability.
3. Investors: Individuals or entities looking to invest in a business venture without incurring personal liability beyond their investment amount can choose to become limited partners in a Michigan domestic limited partnership. Limited partners have limited control over the partnership's operations and are shielded from personal liability for partnership debts beyond their investment.

By following the above steps, you can successfully fill out and file a Michigan domestic limited partnership. This legal structure can be beneficial to various individuals or entities, including business partners, professionals, and investors seeking limited liability protection and a clear framework for their partnership.

For pdfFiller’s FAQs

What is michigan domestic limited partnership?

A Michigan domestic limited partnership is a business structure in which two or more individuals manage and operate a business together, with at least one partner acting as the general partner and being personally liable for the partnership's debts.

Who is required to file michigan domestic limited partnership?

Any individuals or entities looking to form a business partnership in Michigan are required to file for a domestic limited partnership.

How to fill out michigan domestic limited partnership?

To fill out a Michigan domestic limited partnership, individuals must submit the necessary forms and paperwork to the Michigan Department of Licensing and Regulatory Affairs, providing information about the partners, business name, and purpose.

What is the purpose of michigan domestic limited partnership?

The purpose of a Michigan domestic limited partnership is to allow individuals to form a business partnership while limiting the liability of some partners to only the amount they have invested in the partnership.

What information must be reported on michigan domestic limited partnership?

Information such as the names and addresses of the general and limited partners, the business name, the purpose of the partnership, and the duration of the partnership must be reported on a Michigan domestic limited partnership.

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