District of Columbia 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 District of Columbia Certificate of Limited Partnership is a legally binding document that establishes a limited partnership in the District of Columbia. This certificate serves as proof of the formation of a limited partnership and outlines important information about the partnership's structure and operations. Keywords: District of Columbia, Certificate of Limited Partnership, limited partnership, formation, structure, operations There are several types of District of Columbia Certificate of Limited Partnership, including: 1. General Partnership: This type of limited partnership contains at least one general partner who assumes unlimited liability for the partnership's debts and obligations. General partners also have the authority to manage the partnership's affairs. 2. Limited Partnership: In this type of limited partnership, there are both general partners and limited partners. General partners are responsible for managing the partnership, while limited partners have limited liability and are only liable up to their investment in the partnership. Limited partners typically do not participate in the day-to-day management of the business. 3. Registered Limited Liability Partnership (LLP): This type of limited partnership is commonly formed by professionals such as attorneys, accountants, or doctors. It combines elements of general partnerships and limited liability companies. Registered Laps allow partners to have limited liability, protecting their personal assets from the partnership's liabilities. The District of Columbia Certificate of Limited Partnership includes essential information such as: 1. Partnership Name: The legal name under which the limited partnership will operate and conduct business. 2. Business Address: The physical location where the partnership conducts its operations. 3. Registered Agent: The individual or entity appointed to receive legal documents on behalf of the partnership. 4. General Partner Information: The names and contact details of all general partners involved in the partnership. 5. Limited Partner Information: The names and contact details of all limited partners involved in the partnership. 6. Effective Date: The date when the limited partnership becomes legally effective. 7. Partnership Duration: The length of time the limited partnership is intended to exist. It can be perpetual or specify a specific end date. 8. Business Purpose: A statement outlining the specific activities the limited partnership will engage in. 9. Contribution of Partners: Details on the monetary value, assets, or services contributed by each partner to the partnership. 10. Division of Profits and Losses: The allocation and distribution of profits and losses among the partners. It's important to note that the information required in the District of Columbia Certificate of Limited Partnership may vary depending on the type of limited partnership being established. Therefore, it is advisable to consult with a legal professional or review the District of Columbia regulations for specific requirements related to the desired type of limited partnership.

The District of Columbia Certificate of Limited Partnership is a legally binding document that establishes a limited partnership in the District of Columbia. This certificate serves as proof of the formation of a limited partnership and outlines important information about the partnership's structure and operations. Keywords: District of Columbia, Certificate of Limited Partnership, limited partnership, formation, structure, operations There are several types of District of Columbia Certificate of Limited Partnership, including: 1. General Partnership: This type of limited partnership contains at least one general partner who assumes unlimited liability for the partnership's debts and obligations. General partners also have the authority to manage the partnership's affairs. 2. Limited Partnership: In this type of limited partnership, there are both general partners and limited partners. General partners are responsible for managing the partnership, while limited partners have limited liability and are only liable up to their investment in the partnership. Limited partners typically do not participate in the day-to-day management of the business. 3. Registered Limited Liability Partnership (LLP): This type of limited partnership is commonly formed by professionals such as attorneys, accountants, or doctors. It combines elements of general partnerships and limited liability companies. Registered Laps allow partners to have limited liability, protecting their personal assets from the partnership's liabilities. The District of Columbia Certificate of Limited Partnership includes essential information such as: 1. Partnership Name: The legal name under which the limited partnership will operate and conduct business. 2. Business Address: The physical location where the partnership conducts its operations. 3. Registered Agent: The individual or entity appointed to receive legal documents on behalf of the partnership. 4. General Partner Information: The names and contact details of all general partners involved in the partnership. 5. Limited Partner Information: The names and contact details of all limited partners involved in the partnership. 6. Effective Date: The date when the limited partnership becomes legally effective. 7. Partnership Duration: The length of time the limited partnership is intended to exist. It can be perpetual or specify a specific end date. 8. Business Purpose: A statement outlining the specific activities the limited partnership will engage in. 9. Contribution of Partners: Details on the monetary value, assets, or services contributed by each partner to the partnership. 10. Division of Profits and Losses: The allocation and distribution of profits and losses among the partners. It's important to note that the information required in the District of Columbia Certificate of Limited Partnership may vary depending on the type of limited partnership being established. Therefore, it is advisable to consult with a legal professional or review the District of Columbia regulations for specific requirements related to the desired type of limited partnership.