Limited Partnership Flashcards

1
Q

LP Composure

A

LP includes general and limited partners and must have at least one general partner

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2
Q

LP Formation

A

An LP is formed when a Certificate of Limited Partnership is excuted and filed with the Secretary of State.

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3
Q

Certificate of Limited Partnership

A

Must substantially comply with requirements:
1) signature of each general partner,
2) name of limited partnership, and
3) name & address of general partners, designated office, and registered agent for service of process.

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