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Statement of Authority for Foreign Limited Liability Partnership (LLP ) - Alabama
Statement of Authority for Foreign Limited Liability Partnership (LLP ) is a legal document that was released by the Alabama Secretary of State - a government authority operating within Alabama.
FAQ
Q: What is a Foreign Limited Liability Partnership (LLP)?A: A Foreign Limited Liability Partnership (LLP) is a type of partnership that is formed in another state or country but wishes to do business in Alabama.
Q: What is a Statement of Authority?A: A Statement of Authority is a document that foreign LLPs must file with the Alabama Secretary of State's office to designate one or more partners who are authorized to act on behalf of the LLP.
Q: Why do foreign LLPs need to file a Statement of Authority?A: Foreign LLPs need to file a Statement of Authority to comply with Alabama law and establish the authority of their designated partners to transact business in the state.
Q: Are all partners required to be designated in the Statement of Authority?A: No, at least one partner must be designated in the Statement of Authority, but additional partners may be designated if desired.
Q: What information is required to be included in the Statement of Authority?A: The Statement of Authority must include the LLP's name, the names and addresses of the designated partners, and a statement that designates the powers or limitations of the designated partners.
Q: Is there a fee for filing a Statement of Authority?A: Yes, there is a filing fee that must be paid when submitting the Statement of Authority.
Q: Can the information in the Statement of Authority be updated or amended?A: Yes, if there are changes to the LLP's designated partners or their authority, an amendment to the Statement of Authority should be filed.
Q: What happens if a foreign LLP fails to file a Statement of Authority?A: If a foreign LLP fails to file a Statement of Authority, it may be subject to penalties and may not have the legal authority to transact business in Alabama.
Form Details:
- Released on January 1, 2021;
- The latest edition currently provided by the Alabama Secretary of State;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Alabama Secretary of State.
Download Statement of Authority for Foreign Limited Liability Partnership (LLP ) - Alabama
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