Certificate of Limited Partnership - Minnesota

Certificate of Limited Partnership is a legal document that was released by the Minnesota Secretary of State - a government authority operating within Minnesota.

FAQ

Q: What is a Certificate of Limited Partnership?A: A Certificate of Limited Partnership is a legal document filed with the state of Minnesota to form a limited partnership.

Q: What is a limited partnership?A: A limited partnership is a type of business structure that consists of one or more general partners who manage the business and are personally liable for its debts, and one or more limited partners who contribute capital but have limited liability.

Q: Why do I need a Certificate of Limited Partnership?A: You need a Certificate of Limited Partnership to formally establish your limited partnership as a legal entity in the state of Minnesota.

Q: How do I obtain a Certificate of Limited Partnership in Minnesota?A: To obtain a Certificate of Limited Partnership in Minnesota, you must file a completed form with the Secretary of State and pay the required filing fee.

Q: Are there any ongoing requirements for a limited partnership in Minnesota?A: Yes, limited partnerships in Minnesota are required to file an annual report and pay an annual fee to maintain their status.

Q: Can I change the information on my Certificate of Limited Partnership?A: Yes, you can file an amendment with the Secretary of State to update the information on your Certificate of Limited Partnership.

Q: What happens if I don't file a Certificate of Limited Partnership?A: If you don't file a Certificate of Limited Partnership, your limited partnership will not be recognized as a legal entity and you may not receive the benefits and protections afforded to limited partnerships.

Q: Can I dissolve a limited partnership in Minnesota?A: Yes, you can dissolve a limited partnership in Minnesota by filing a Certificate of Dissolution with the Secretary of State.