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Download this form for a Limited Partnership Agreement


Certificate of Limited Partnership Form

Certificate of Limited Partnership Form

Text Version of this Form

Certificate of Limited Partnership
Certificate of Limited Partnership of ____________________
This Certificate of Limited Partnership, made and entered into as of the ______________
day of ______________________ , 20___ at _________________ ,
______________________ by the following, hereinafter referred to as in called ” Limited
Partners”:
____________________________________________________
____________________________________________________
and the following, hereinafter referred to as “Limited Partners”:
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
WITNESSETH
1. Name. The name of this Limited Partnership is THE _____________________ LIMITED
PARTNERSHIP.
2. Business. The general character of the Partnership business shall be to
____________________________________________________ and to conduct a general
business as thereto related.
3. Principal Place of Business. The location of the principal place of business of this Limited
Partnership is _________________________ , ________________ .
4. Registered Agent and 0ffice. The registered agent for this Limited Partnership
is________________________ .
The street address of the registered agent and the registered office is
________________________________________________ .
5. The Partners. The General Partners and Limited Partners of this Limited Partnership are
as follows:
GENERAL PARTNERS:
____________________________________________________
____________________________________________________
LIMITED PARTNERS:
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
____________________________________________________
6. Term. The Partnership shall begin on the ____________ day of _______________ ,
20__ and shall continue for _____ years thereafter unless sooner dissolved by law or by
agreement of the parties hereto or unless extended by a majority agreement of the
Partners.
7. Additional Contributions. No additional contributions of the Limited Partners have been
agreed upon.
8. Return of Contributions. No Limited Partner shall be entitled to withdraw or demand the
return of any part of such Partner’s capital contribution except upon dissolution of the
Partnership.
9. Profits. All annual net profits of the Partnership shall be divided among the General and
Limited Partners in the same proportions as the Partners’ then capital interest accounts,
unless retained for the Partnership investment and business activities.
10. Assignments. A Limited Partner shall have the right to sell such Partner’s interest in the
Partnership but only after such Limited Partner gives to the Partnership a 120day
opportunity to purchase such interest, as explained in detail by the Partnership Agreement.
11. Additional Limited Partners. The General Partner may admit additional limited partners.
12. Priority Among Limited Partners. There is no priority of one Limited Partner over another
as to the contributions or compensation by way of income.
13. Continuance of Business. Upon the death, retirement, or insanity of the surviving
General Partner, the Partnership shall dissolve unless continued by the remaining Partners
and selecting when necessary a new General Partner. If the last surviving or serving
General Partner has died, retired, and/or becomes insane, then the Limited Partners holding
interest in capital in excess of fifty percent (50%) of the capital owned by all Limited
Partners may elect to continue the Partnership by selecting a new General Partner.
14. Property Other Than Cash. A Limited Partner may not demand property other than cash
in return for such Partner’s contributions.
15. Amount of Cash and Agreed Value and Description of Other Property Contributed. The
Partners in the Limited Partnership have contributed their interest in the property as set
forth in Schedule “A” attached hereto, with an agreed value of
PARTNERS PERCENTAGE INTEREST CONTRIBUTION
_________________________________ _________%
_________________________________ _________%
_________________________________ _________%
_________________________________ _________%
_________________________________ _________%
_________________________________ _________%
_________________________________ _________%
_________________________________ _________%
_________________________________ _________%
_________________________________ _________%
_________________________________ _________%
_________________________________ _________%
GENERAL PARTNERS:
_____________________________
Signature
_____________________________
Signature
LIMITED PARTNERS:
_____________________________
Signature
_____________________________
Signature
_____________________________
Signature
_____________________________
Signature
_____________________________
Signature
_____________________________
Signature
_____________________________
Signature
_____________________________
Signature
_____________________________
Signature
_____________________________
Signature

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