Broward Florida Acuerdo de Suscripción sobre Sociedad Limitada - Subscription Agreement regarding Limited Partnership

• Category: Sociedades - Limitadas - Acuerdos
• State: Multi-State
• County: Broward
• Control #: US-1196BG
• Format: Word

Description

A subscription agreement is an investor's application to join a limited partnership. It is also a two-way guarantee between a company and a subscriber. Broward Florida Limited Partnership Subscription Agreement is a legal document that outlines the terms and conditions for individuals or entities to become limited partners in a partnership business located in Broward County, Florida. This agreement governs the subscription process and defines the rights, obligations, and liabilities of the limited partner. Key elements included in the Broward Florida Limited Partnership Subscription Agreement are: 1. Partnership Information: The agreement starts with detailed information about the partnership, including its legal name, address, and the purpose of the partnership. 2. Limited Partner Information: It requires the limited partner to provide personal and contact details, including their name, address, tax identification number, and any additional documents required for verification. 3. Subscription Details: This section includes the specific terms of the limited partner's investment, such as the number of partnership units subscribed, the price per unit, and the total amount of capital contribution. 4. Capital Contribution: The agreement outlines the limited partner's obligation to contribute the agreed-upon capital to the partnership and specifies the payment terms, including any installments and due dates. 5. Rights and Obligations: It details the limited partner's rights, such as the right to receive profits, access partnership records, and participate in major decision-making processes. The agreement also outlines the limited partner's obligations, including restrictions on transferring or assigning partnership units without consent. 6. Liability and Indemnification: This section specifies the extent of the limited partner's liability for partnership debts and obligations, limiting it to their capital contribution. It may also define the circumstances under which the limited partner may be indemnified by the partnership. 7. Term and Termination: The subscription agreement may include provisions related to the term of the partnership and the conditions under which the limited partner's subscription may be terminated, such as voluntary withdrawal, death, or bankruptcy. Types of Broward Florida Limited Partnership Subscription Agreements: 1. New Subscription Agreement: This type of agreement is used when a new limited partner joins the partnership, either at the formation stage or later during its existence. It lays out the terms specific to the new limited partner's investment. 2. Amended Subscription Agreement: This type of agreement is executed when there is a need to modify the terms of an existing limited partnership subscription agreement. It may involve changes in capital contributions, rights, obligations, or any other relevant provisions. 3. Transfer Agreement: In case a limited partner wants to transfer their partnership units to another party, a transfer agreement is utilized. This agreement outlines the terms of the transfer, including the purchase price and any conditions imposed. 4. Withdrawal Agreement: When a limited partner wishes to withdraw from the partnership, a withdrawal agreement is prepared. It covers the terms and conditions related to the withdrawal, including the distribution of the partner's capital account balance. It is important to consult with a legal professional to ensure compliance with the specific laws and regulations governing limited partnerships in Broward County, Florida, and to customize the subscription agreement according to the unique needs and circumstances of the partnership.

Broward Florida Limited Partnership Subscription Agreement is a legal document that outlines the terms and conditions for individuals or entities to become limited partners in a partnership business located in Broward County, Florida. This agreement governs the subscription process and defines the rights, obligations, and liabilities of the limited partner. Key elements included in the Broward Florida Limited Partnership Subscription Agreement are: 1. Partnership Information: The agreement starts with detailed information about the partnership, including its legal name, address, and the purpose of the partnership. 2. Limited Partner Information: It requires the limited partner to provide personal and contact details, including their name, address, tax identification number, and any additional documents required for verification. 3. Subscription Details: This section includes the specific terms of the limited partner's investment, such as the number of partnership units subscribed, the price per unit, and the total amount of capital contribution. 4. Capital Contribution: The agreement outlines the limited partner's obligation to contribute the agreed-upon capital to the partnership and specifies the payment terms, including any installments and due dates. 5. Rights and Obligations: It details the limited partner's rights, such as the right to receive profits, access partnership records, and participate in major decision-making processes. The agreement also outlines the limited partner's obligations, including restrictions on transferring or assigning partnership units without consent. 6. Liability and Indemnification: This section specifies the extent of the limited partner's liability for partnership debts and obligations, limiting it to their capital contribution. It may also define the circumstances under which the limited partner may be indemnified by the partnership. 7. Term and Termination: The subscription agreement may include provisions related to the term of the partnership and the conditions under which the limited partner's subscription may be terminated, such as voluntary withdrawal, death, or bankruptcy. Types of Broward Florida Limited Partnership Subscription Agreements: 1. New Subscription Agreement: This type of agreement is used when a new limited partner joins the partnership, either at the formation stage or later during its existence. It lays out the terms specific to the new limited partner's investment. 2. Amended Subscription Agreement: This type of agreement is executed when there is a need to modify the terms of an existing limited partnership subscription agreement. It may involve changes in capital contributions, rights, obligations, or any other relevant provisions. 3. Transfer Agreement: In case a limited partner wants to transfer their partnership units to another party, a transfer agreement is utilized. This agreement outlines the terms of the transfer, including the purchase price and any conditions imposed. 4. Withdrawal Agreement: When a limited partner wishes to withdraw from the partnership, a withdrawal agreement is prepared. It covers the terms and conditions related to the withdrawal, including the distribution of the partner's capital account balance. It is important to consult with a legal professional to ensure compliance with the specific laws and regulations governing limited partnerships in Broward County, Florida, and to customize the subscription agreement according to the unique needs and circumstances of the partnership.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.