A Texas Certificate of Formation-Limited Partnership is a document filed with the Texas Secretary of State that is used to form a limited partnership in the state of Texas. It is a legal document that officially establishes a limited partnership in the state, and must include the name and address of the limited partnership, the name and address of each general partner, and the name and address of the limited partnership's registered agent. In Texas, there are two types of limited partnerships: limited liability partnerships and family limited partnerships. A Texas Certificate of Formation-Limited Partnership must be filed for each type of limited partnership.
Texas Certificate of Formation-Limited Partnership
Instant download
This website is not affiliated with any governmental entity
Public form
Description
Certificate of Formation-Limited Partnership
How to fill out Texas Certificate Of Formation-Limited Partnership?
If you’re searching for a way to properly prepare the Texas Certificate of Formation-Limited Partnership without hiring a legal professional, then you’re just in the right spot. US Legal Forms has proven itself as the most extensive and reputable library of formal templates for every personal and business situation. Every piece of paperwork you find on our online service is created in accordance with federal and state regulations, so you can be sure that your documents are in order.
Adhere to these simple instructions on how to get the ready-to-use Texas Certificate of Formation-Limited Partnership:
- Ensure the document you see on the page complies with your legal situation and state regulations by checking its text description or looking through the Preview mode.
- Enter the form name in the Search tab on the top of the page and choose your state from the list to find an alternative template in case of any inconsistencies.
- Repeat with the content check and click Buy now when you are confident with the paperwork compliance with all the requirements.
- ​Log in to your account and click Download. Register for the service and opt for the subscription plan if you still don’t have one.
- Use your credit card or the PayPal option to purchase your US Legal Forms subscription. The blank will be available to download right after.
- Decide in what format you want to save your Texas Certificate of Formation-Limited Partnership and download it by clicking the appropriate button.
- Upload your template to an online editor to complete and sign it rapidly or print it out to prepare your hard copy manually.
Another great advantage of US Legal Forms is that you never lose the paperwork you acquired - you can find any of your downloaded templates in the My Forms tab of your profile any time you need it.
Form popularity
FAQ
To form a limited partnership, the partners must enter into a partnership agreement and file a certificate of formation with the secretary of state. In a limited partnership, there will be one or more general partners and one or more limited partners.
Every limited partnership in Texas needs a Texas registered agent. A registered agent is a person (or business entity) that agrees to accept legal correspondence on behalf of a business. Your registered agent must have a physical address in Texas where they can accept service of process in person during business hours.
General partnerships are created without filing any formation documents with the secretary of state. A general partnership must have at least two partners, and each partner in a general partnership is a general partner.
While the partnership agreement is not filed for public record, the limited partnership must file a certificate of formation with the Texas Secretary of State. The Secretary of State provides a form that meets minimum state law requirements.
About the Certificate of Formation and Checklist The certificate of formation form is the principal document needed to form an LLC in Texas. It includes the name of the proposed company, the registered agent for service of process, and the address of the place of business, among other information.
In a limited partnership, the general partner must pay self-employment taxes on money received from the company, while limited partners are not required to pay self-employment taxes. This is in contrast to an LLP, where each partner must pay self-employment taxes on her share of the company's profits and losses.
More info
To form a limited partnership, the partners must enter into a partnership agreement and file a certificate of formation with the secretary of state. You will need to fill out a Certificate of Limited Partnership and submit it to your Secretary of State's office.Instructions: • Complete and include this form with your paper submission. You will receive a stamped "Filed" copy of your submitted document. Form your Limited Partnership with BizFilings today. If handwritten, the form must be legible and completed in black or blue-black ink in order to permit reproduction. This Standard Document has integrated notes with important explanations and drafting tips. Get full access to this document with Practical Law. Gather all information required to complete the form. Have a valid form of payment.