The Memphis Tennessee Certificate of Limited Partnership is an official legal document that establishes a limited partnership in the city of Memphis, Tennessee. A limited partnership is a specific type of business structure that consists of two or more partners, where at least one partner acts as a general partner and has unlimited liability for the partnership's debts and obligations, while the other partner(s) act as limited partners with limited liability. The Certificate of Limited Partnership is filed with the Tennessee Secretary of State's office and is a prerequisite for the formation of a limited partnership in Memphis. This document contains important information about the partnership, including the names and addresses of the general and limited partners, the partnership's name, the partnership's principal place of business, and the partnership's duration. The Certificate of Limited Partnership also specifies the rights, powers, and duties of the partners, the contributions made by each partner to the partnership, and the distribution of profits and losses. It serves as evidence of the existence of the limited partnership and provides legal protections for the partners. There are different types of Memphis Tennessee Certificates of Limited Partnership based on the specific purpose or nature of the partnership: 1. General Partnerships: This type of limited partnership consists of one or more general partners who manage the partnership and have unlimited liability. 2. Limited Partnerships: These partnerships have one or more limited partners who contribute capital to the business but do not participate in its day-to-day management. Limited partners have limited liability and are not personally liable for the partnership's debts. 3. Limited Liability Partnerships (Laps): This type of partnership provides limited liability to all partners, meaning that they are not personally liable for the partnership's debts or obligations. Laps are often chosen by professionals such as lawyers, accountants, or architects. The Memphis Tennessee Certificate of Limited Partnership enables individuals or businesses to establish a legally recognized limited partnership in Memphis while adhering to the state's laws and regulations. It provides clarity regarding the rights, responsibilities, and liabilities of each partner, ensuring a smooth operation of the partnership and protecting the interests of all parties involved.
Memphis Tennessee Certificate of Limited Partnership
Description
How to fill out Memphis Tennessee Certificate Of Limited Partnership?
Are you in search of a trustworthy and affordable legal forms provider to obtain the Memphis Tennessee Certificate of Limited Partnership? US Legal Forms is your ideal choice.
Whether you require a fundamental contract to establish guidelines for living with your partner or a collection of documents to facilitate your divorce proceedings in court, we have you covered. Our platform provides over 85,000 current legal document templates for both personal and business purposes. All templates we offer are not generic and tailored according to the needs of specific states and counties.
To retrieve the form, you must Log In to your account, locate the necessary form, and click the Download button beside it. Kindly remember that you can access your previously acquired form templates at any time in the My documents section.
Are you a newcomer to our platform? No need to worry. You can easily set up an account, but prior to that, ensure to do the following.
Now you can establish your account. Next, choose a subscription plan and continue to payment. After completing the payment, download the Memphis Tennessee Certificate of Limited Partnership in any of the offered file formats. You can revisit the site whenever needed and redownload the form at no additional charge.
Locating current legal documents has never been simpler. Give US Legal Forms a chance now, and eliminate the frustration of spending hours searching for legal paperwork online.
- Verify if the Memphis Tennessee Certificate of Limited Partnership aligns with the laws of your state and locality.
- Examine the form’s description (if available) to determine who and what the form is suitable for.
- Restart the search if the form does not meet your legal needs.
Form popularity
FAQ
Partnership: To create a general partnership in Tennessee, you don't need to file any organizational documents with the state. Although not legally required, all partnerships should have a written partnership agreement. The partnership agreement can be very helpful if there is ever a dispute among the partners.
Limited Partnerships (LP) ? In Tennessee, a LP must file a Certificate of Limited Partnership with the Secretary of State. Limited Liability Partnerships (LLP) ? A Registration Statement with the Secretary of State is required in order to form an LLP in Tennessee.
Business Forms & Fees Domestic Limited PartnershipsCertificate of Limited Partnership (PDF, 354.4KB)SS-4470$100Amendment to the Certificate of Limited Partnership (PDF, 364.4KB)SS-4471$20Statement/Certificate of Correction (PDF, 340.1KB)SS-4480$20Change of Mailing Address (PDF, 307.8KB)SS-4800No Fee17 more rows
What License info can I verify on here? A. With , you can verify the license status of people in dozens of professions, including home improvement/contractors, real estate agents, security guards, cosmetologists, and many more.
It serves as proof, or evidence, that the entity exists and is authorized to transact business in the state. Business entity laws vary among the states. The document the state provides may be called a ?Certificate of Good Standing?, a ?Certificate of Existence?, ?Certificate of Authorization?, or something similar.
The mailer makes it appear that the 2021 Certificate of Existence Request is part of the business entity's registration process: ?A Certificate of Existence certifies that your Tennessee business is in existence, is authorized to transact business in the state and complies with all state requirements.?
+Filings by general partnerships are not for the purpose of forming or maintaining a general partnership in Tennessee.
Tennessee businesses are not legally required to obtain a certificate of existence. However, your business may choose to get one if you decide to do business outside of Tennessee or get a business bank account.
Any business registered in Tennessee is required to submit an annual report to the Secretary of State each year. Tennessee requires businesses to do this for two reasons. One, it allows the state to see which businesses are still actively operating in their state.
Business Forms & Fees Domestic Limited PartnershipsCertificate of Limited Partnership (PDF, 354.4KB)SS-4470$100Amendment to the Certificate of Limited Partnership (PDF, 364.4KB)SS-4471$20Statement/Certificate of Correction (PDF, 340.1KB)SS-4480$20Change of Mailing Address (PDF, 307.8KB)SS-4800No Fee17 more rows
