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Delaware Entity Dissolution Information A limited partnership can file a statement of cancellation with the Delaware Department of State, Division of Corporations. The filing will include a fee of $200.
You can cancel/dissolve a Domestic Limited Liability Limited Partnership by filing a Statement of Dissolution . You can also terminate a Domestic LLLP by filing a Statement of Termination . Or you can withdraw a Foreign Limited Liability Limited Partnership by filing a Withdrawal of Registration of a Foreign LLLP .
In Delaware, "dissolution" refers to the process of closing a corporation through the filing of a Certificate of Dissolution. Closing an LLC, on the other hand, requires "canceling" through a Certificate of Cancellation.
If you're ready to dissolve your business, you need to file dissolution papers, settle your debts, and distribute assets to the partners.
What is a Delaware Limited Partnership? Delaware Limited Partnerships (DLPs) are a type of business entity in the United States. They are formed by filing a certificate of limited partnership with the Delaware Secretary of State. DLPs have two types of partners: general partners and limited partners.
A Delaware LLC merger happens when business agreements combine multiple entities into one sole entity. The LLC series isn't considered a separate entity ing to Delaware state laws.
A limited partnership formed under this chapter shall be a separate legal entity, the existence of which as a separate legal entity shall continue until cancellation of the limited partnership's certificate of limited partnership.
In Delaware, LLCs don't need to file a Dissolution form with the state, however, it's best to place the decision to dissolve in writing. We provide a Members' Consent to Dissolution form below that you can use. This form doesn't need to be sent to the state. You can just keep it with your business records.