Michigan Certificate of Cancellation of Certificate of Limited Partnership

• Category: Partnerships - Limited
• State: Multi-State
• Control #: US-P1205-8AM
• 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 Michigan Certificate of Cancellation of Certificate of Limited Partnership is a legal document that is filed when a limited partnership ceases its operations in the state of Michigan. This certificate serves as proof that the limited partnership has been dissolved and its existence has been terminated. Keywords: Michigan, Certificate of Cancellation, Limited Partnership, dissolution, termination, legal document, operations. There are a few different types of Michigan Certificate of Cancellation of Certificate of Limited Partnership, depending on the circumstances of the dissolution of the limited partnership. Some common types include: 1. Voluntary Dissolution: This type of certificate is filed when the limited partnership chooses to end its operations willingly. Partners may decide to dissolve a limited partnership for various reasons, such as accomplishing the purpose for which the partnership was formed, expiration of the partnership term, or mutual agreement among partners. 2. Involuntary Dissolution: In some cases, a limited partnership may be dissolved by court order due to reasons such as fraud, illegal activities, or failure to comply with legal requirements. The Certificate of Cancellation in this case will include specific details about the court's decision and the actions leading to the dissolution. 3. Administrative Dissolution: If a limited partnership fails to maintain compliance with Michigan state laws, such as failure to file required annual reports or pay taxes, the state government may initiate the administrative dissolution process. The Certificate of Cancellation for administrative dissolution will indicate that the partnership was dissolved due to non-compliance and may include information regarding any outstanding liabilities. 4. Dissolution by Operation of Law: In certain situations, a limited partnership may be automatically dissolved without any specific action from its partners. This could happen due to bankruptcy, death or withdrawal of a general partner, or if the partnership no longer has any limited partners. The Certificate of Cancellation will outline the circumstances leading to the dissolution and the subsequent termination of the partnership. It is important to note that the specific requirements and processes for filing a Certificate of Cancellation of Certificate of Limited Partnership may vary. Individuals or entities seeking to dissolve a limited partnership in Michigan should consult with a qualified attorney or refer to the Michigan Department of Licensing and Regulatory Affairs (LARA) for accurate and up-to-date information regarding the necessary procedures and forms.

The Michigan Certificate of Cancellation of Certificate of Limited Partnership is a legal document that is filed when a limited partnership ceases its operations in the state of Michigan. This certificate serves as proof that the limited partnership has been dissolved and its existence has been terminated. Keywords: Michigan, Certificate of Cancellation, Limited Partnership, dissolution, termination, legal document, operations. There are a few different types of Michigan Certificate of Cancellation of Certificate of Limited Partnership, depending on the circumstances of the dissolution of the limited partnership. Some common types include: 1. Voluntary Dissolution: This type of certificate is filed when the limited partnership chooses to end its operations willingly. Partners may decide to dissolve a limited partnership for various reasons, such as accomplishing the purpose for which the partnership was formed, expiration of the partnership term, or mutual agreement among partners. 2. Involuntary Dissolution: In some cases, a limited partnership may be dissolved by court order due to reasons such as fraud, illegal activities, or failure to comply with legal requirements. The Certificate of Cancellation in this case will include specific details about the court's decision and the actions leading to the dissolution. 3. Administrative Dissolution: If a limited partnership fails to maintain compliance with Michigan state laws, such as failure to file required annual reports or pay taxes, the state government may initiate the administrative dissolution process. The Certificate of Cancellation for administrative dissolution will indicate that the partnership was dissolved due to non-compliance and may include information regarding any outstanding liabilities. 4. Dissolution by Operation of Law: In certain situations, a limited partnership may be automatically dissolved without any specific action from its partners. This could happen due to bankruptcy, death or withdrawal of a general partner, or if the partnership no longer has any limited partners. The Certificate of Cancellation will outline the circumstances leading to the dissolution and the subsequent termination of the partnership. It is important to note that the specific requirements and processes for filing a Certificate of Cancellation of Certificate of Limited Partnership may vary. Individuals or entities seeking to dissolve a limited partnership in Michigan should consult with a qualified attorney or refer to the Michigan Department of Licensing and Regulatory Affairs (LARA) for accurate and up-to-date information regarding the necessary procedures and forms.