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New York Certificate of Discontinuance of Business As Partnership

State:
New York
Control #:
NY-EE-04
Format:
PDF
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Description

Certificate of Discontinuance of Business As Partners
A New York Certificate of Discontinuance of Business As Partners is a document issued by the New York Department of State that officially declares the termination of a business partnership in the state of New York. The certificate must be filed by the partners of the business in order to dissolve the partnership and release the partners from any liabilities associated with the business. Depending on the structure of the partnership, there are two types of New York Certificate of Discontinuance of Business As Partners: a Certificate of Discontinuance for a Limited Partnership and a Certificate of Discontinuance for a General Partnership. Both documents must include the name of the partnership, the address of the partnership, the date of dissolution, the signatures of the partners, and any additional information required by the New York Department of State. The filing of a Certificate of Discontinuance of Business As Partners is a necessary step to officially close a business partnership in New York.

A New York Certificate of Discontinuance of Business As Partners is a document issued by the New York Department of State that officially declares the termination of a business partnership in the state of New York. The certificate must be filed by the partners of the business in order to dissolve the partnership and release the partners from any liabilities associated with the business. Depending on the structure of the partnership, there are two types of New York Certificate of Discontinuance of Business As Partners: a Certificate of Discontinuance for a Limited Partnership and a Certificate of Discontinuance for a General Partnership. Both documents must include the name of the partnership, the address of the partnership, the date of dissolution, the signatures of the partners, and any additional information required by the New York Department of State. The filing of a Certificate of Discontinuance of Business As Partners is a necessary step to officially close a business partnership in New York.

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FAQ

Complete and file the Certificate of Change with the Department of State. The completed Certificate of Change, together with the statutory fee of $30, should be forwarded to: New York Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231.

To change ownership percentages of an LLC, you need to amend the operating agreement or draft a new one. Start by discussing the changes with all members and getting their agreement. All members must agree to the changes and sign an amendment to the operating agreement.

Complete and file a Request for Cancellation of Reservation of Name with the Department of State. The filing receipt entitled ?Certificate of Reservation? issued by the New York Department of State must accompany the request to cancel the name reservation.

To change your registered agent in New York, you must complete and file a Certificate of Change form with the New York Department of State. The New York Certificate of Change must be submitted by mail, fax, or in person and costs $30 to file.

If you plan on conducting a for-profit business through a sole proprietorship or general partnership under any name other than your own, you are required by law to file a Business Certificate (also called a Certificate of Assumed Name).

However, New York is one of only about ten states that do not allow statutory conversions of corporations to LLCs. Instead, New York only allows statutory mergers. Unlike statutory conversions, statutory mergers do require you to form a separate LLC before you can convert?or, more accurately, merge?your business.

A corporation may amend its name from time to time by filing a certificate of amendment pursuant to Section 805 of the Business Corporation Law.

How to Sell Your LLC and Transfer Complete Ownership Review your Operating Agreement and Articles of Organization.Establish What Your Buyer Wants to Buy.Draw Up a Buy-Sell Agreement with the New Buyer.Record the Sale with the State Business Registration Agency.

More info

Certificate of Discontinuance of Business as Partners. Certificate of Discontinuance of Business for Partners.Complete and file the Certificate of Discontinuance of Assumed Name with the Department of State. Certificate of Discontinuance of Business. (Partnership or Limited Liability Partnership). A discontinuance is to be filed when the individual or partners cease to conduct business, or ownership is transferred. Use the Certificate of Discontinuance of Business or Certificate of Discontinuance of Business as Partners form. Statement of Discontinuance, Change of Residence, Change of Location of. Business, Withdrawal, Joined, or Deceased from Business or Partnership. Business Certificate Form if you are a sole proprietor or partnership.

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New York Certificate of Discontinuance of Business As Partnership