Hillsborough Florida Certificate of Limited Partnership is an important legal document that establishes and regulates partnerships in the Hillsborough County region of Florida. This certificate is specifically designed for limited partnerships, which are a popular form of business arrangement in the state. A limited partnership typically consists of two types of partners: general partners and limited partners. The general partners manage the day-to-day operations of the partnership and have unlimited personal liability for its debts and obligations. On the other hand, limited partners are usually passive investors who contribute capital to the partnership but have limited liability and minimal involvement in decision-making. The Hillsborough Florida Certificate of Limited Partnership is a crucial document for individuals or entities seeking to form or register a limited partnership in Hillsborough County. It must be filed with the appropriate government agency, usually the Florida Department of State. The certificate includes essential information about the limited partnership, such as the legal name of the partnership, the principal place of business, the name and address of each general and limited partner, the term of the partnership, and the purpose of the business. It is vital to include accurate and up-to-date information to avoid potential legal issues or complications. In addition to the standard Certificate of Limited Partnership, there may be different types or variations available in Hillsborough County. Some examples include: 1. Amended Certificate of Limited Partnership: This type of certificate is used to make changes or modifications to an existing limited partnership. It may involve altering partnership names, adding or removing partners, changing the purpose of the business, or extending the partnership term. 2. Restated Certificate of Limited Partnership: This certificate is often filed when there are numerous amendments or changes made to the original partnership agreement. It consolidates all the modifications into a single document, making it easier to manage and reference. 3. Dissolution of Certificate of Limited Partnership: When a limited partnership decides to cease its operations, a Dissolution of Certificate of Limited Partnership is filed. This document officially terminates the existence of the partnership and ensures compliance with legal requirements. It is important to consult with an attorney or legal professional when applying for or filing a Hillsborough Florida Certificate of Limited Partnership. The legal counsel can guide you through the process, ensure compliance with applicable laws, and provide advice on creating and maintaining a successful partnership structure.