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  • Il Lp 207 2012

Get Il Lp 207 2012-2025

Econd St., Rm. 357 Springfield, IL 62756 217-524-8008 www.cyberdriveillinois.com Payment may be made by check payable to Secretary of State. If check is returned for any reason this filing will be void. Please do not send cash. Reset Save FILE # This space for use by Secretary of State. Statement of Correction SUBMIT IN DUPLICATE Please type or print clearly. Filing Fee: $50 Approved: 1. Limited Partnership Name:________________________________________________________________ 2. State o.

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An LP must have two or more owners. At least one must be a general partner who has unlimited, personal liability, and one must be a limited partner who has limited liability but is prohibited from participating in business management.

The general partnership is created when the partners start business activities. Even though the formation of a general partnership requires no state filing, the partners must still comply with registration, filing, and tax requirements applicable to any business.

Limited partnerships (LP) and limited liability limited partnerships (LLLP): In Illinois, LPs and LLLPs must register with the Secretary of State by filing a Certificate of Limited Partnership and paying the appropriate fees.

A limited partnership consists of one or more general partners and one or more limited partners. The same person can be both a general partner and a limited partner, as long as there are at least two legal persons who are partners in the partnership.

In order to create a limited partnership, an individual must file a Certificate of Limited Partnership with the Illinois Secretary of State. This form may be submitted by mail or online. The LP may be required to file additional paperwork if the partners plan on operating their business under an assumed name.

Domestic limited liability partnerships file a form UPA 1003(D), with a cost of $100.00 per partner (minimum of $200 and a maximum of $5,000). Foreign limited liability partnerships file the form UPA 1003(F) with a filing fee of $300.00.

To form a limited partnership, you have to register in your state, pay a filing fee and create a limited partnership agreement, which defines how much ownership each limited partner has in your company, and other terms of the partnership.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232