Limited Partnership Flashcards
1
Q
LP Composure
A
LP includes general and limited partners and must have at least one general partner
2
Q
LP Formation
A
An LP is formed when a Certificate of Limited Partnership is excuted and filed with the Secretary of State.
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.