Arizona Certificate of Limited Partnership

• Category: Partnerships - Limited
• State: Multi-State
• Control #: US-P1205-3AM
• Format: Word; Rich Text

Description

This form is a model adaptable for use in partnership matters. Adapt the form to your specific needs and fill in the information. Don't reinvent the wheel, save time and money. The Arizona Certificate of Limited Partnership is a legal document that establishes a limited partnership in the state of Arizona. It outlines the formation, structure, and key details of the partnership, providing protection and clarity for both general and limited partners involved. Here is a detailed description of what this certificate entails, including relevant keywords: 1. Formation: The Arizona Certificate of Limited Partnership serves as proof that a limited partnership has been formed in accordance with the Arizona Revised Statutes (A.R.S.). It is filed with the Arizona Corporation Commission (ACC) to register the partnership's existence and provide necessary information to the state and public. 2. Partnership Name: The certificate requires the partnership to provide its legal name. This name must be unique and not conflict with any existing Arizona business entities. 3. General Partner Information: The certificate includes detailed information about the general partner(s), such as their legal names, addresses, and telephone numbers. General partners hold management authority and personal liability. 4. Limited Partner Information: The certificate also requires the names and addresses of the limited partners. Unlike general partners, limited partners have limited liability and are not actively involved in the partnership's day-to-day operations. 5. Registered Agent: The partnership must designate a registered agent residing in Arizona. The registered agent acts as a point of contact for receiving legal notices and official correspondence on behalf of the partnership. 6. Duration and Dissolution: The certificate specifies the partnership's duration, which could be perpetual or for a specified period. It also outlines the process for dissolution, including events that may trigger dissolution and the distribution of assets upon dissolution. 7. Purpose and Business Activities: The certificate describes the partnership's specific purpose and the scope of business activities it intends to engage in. It ensures that the partnership is authorized to operate within the legal boundaries of Arizona law. 8. Execution and Filing: The certificate requires the signature of at least one general partner to authenticate the document. Once completed, the certificate must be filed with the Arizona Corporation Commission along with the appropriate filing fee. Types of Arizona Certificates of Limited Partnership: 1. Domestic Limited Partnership: This certificate is filed when forming a limited partnership in Arizona with partners based within the state. 2. Foreign Limited Partnership: If an existing limited partnership from another state wishes to operate in Arizona, they must file a Foreign Limited Partnership certificate. This document allows the partnership to expand its business activities into Arizona while complying with local regulations. In conclusion, the Arizona Certificate of Limited Partnership is a crucial legal document for establishing and conducting a limited partnership within the state. It provides a solid foundation for partnership operations, clearly defining roles, responsibilities, and liability limitations for general and limited partners.

The Arizona Certificate of Limited Partnership is a legal document that establishes a limited partnership in the state of Arizona. It outlines the formation, structure, and key details of the partnership, providing protection and clarity for both general and limited partners involved. Here is a detailed description of what this certificate entails, including relevant keywords: 1. Formation: The Arizona Certificate of Limited Partnership serves as proof that a limited partnership has been formed in accordance with the Arizona Revised Statutes (A.R.S.). It is filed with the Arizona Corporation Commission (ACC) to register the partnership's existence and provide necessary information to the state and public. 2. Partnership Name: The certificate requires the partnership to provide its legal name. This name must be unique and not conflict with any existing Arizona business entities. 3. General Partner Information: The certificate includes detailed information about the general partner(s), such as their legal names, addresses, and telephone numbers. General partners hold management authority and personal liability. 4. Limited Partner Information: The certificate also requires the names and addresses of the limited partners. Unlike general partners, limited partners have limited liability and are not actively involved in the partnership's day-to-day operations. 5. Registered Agent: The partnership must designate a registered agent residing in Arizona. The registered agent acts as a point of contact for receiving legal notices and official correspondence on behalf of the partnership. 6. Duration and Dissolution: The certificate specifies the partnership's duration, which could be perpetual or for a specified period. It also outlines the process for dissolution, including events that may trigger dissolution and the distribution of assets upon dissolution. 7. Purpose and Business Activities: The certificate describes the partnership's specific purpose and the scope of business activities it intends to engage in. It ensures that the partnership is authorized to operate within the legal boundaries of Arizona law. 8. Execution and Filing: The certificate requires the signature of at least one general partner to authenticate the document. Once completed, the certificate must be filed with the Arizona Corporation Commission along with the appropriate filing fee. Types of Arizona Certificates of Limited Partnership: 1. Domestic Limited Partnership: This certificate is filed when forming a limited partnership in Arizona with partners based within the state. 2. Foreign Limited Partnership: If an existing limited partnership from another state wishes to operate in Arizona, they must file a Foreign Limited Partnership certificate. This document allows the partnership to expand its business activities into Arizona while complying with local regulations. In conclusion, the Arizona Certificate of Limited Partnership is a crucial legal document for establishing and conducting a limited partnership within the state. It provides a solid foundation for partnership operations, clearly defining roles, responsibilities, and liability limitations for general and limited partners.