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How to fill out the LP 902 online
Filling out the LP 902 form is an essential step for those looking to register a limited partnership in Illinois. This guide provides a detailed, step-by-step approach to ensure you complete the form accurately and efficiently.
Follow the steps to complete your LP 902 application online.
- Press the ‘Get Form’ button to access the LP 902 form and open it in your preferred online editor.
- Begin by entering the limited partnership name in the designated field. Ensure that the name is unique and complies with Illinois regulations.
- If applicable, fill in an alternate name for the limited partnership. This name will be used for business transactions in Illinois.
- Provide the address of the designated office where records will be maintained. Make sure to include a street address, as a P.O. Box is not acceptable.
- Indicate the jurisdiction where the limited partnership was formed and the date of formation. Attach a current Certificate of Existence from that jurisdiction.
- Enter the name and address of the registered agent. This person or entity will receive legal documents on behalf of the partnership.
- Complete the statement regarding the records keeping, agreeing to maintain these records as required until the partnership's registration is canceled or amended.
- Choose whether the entity is a Foreign Limited Liability Limited Partnership by selecting 'Yes' or 'No.'
- List the purpose of the limited partnership and any business activities planned in Illinois.
- Provide the names and addresses of all general partners. If any partner is not registered in Illinois, include a recent Certificate of Good Standing.
- Attach an authenticated Certificate of Existence from the state where the entity was formed.
- Ensure that at least one general partner signs the application, affirming the information is true. Dated signatures should be in black ink.
- Finally, review all information for accuracy, then save your changes, download the form, or print it for submission.
Fill out your LP 902 online today for a smooth registration process.
Tip. A corporation is harder to set up than a limited partnership, but it gives liability protection to all the owners. In a partnership, only the limited partner has similar protection. The tax rules for the two types of business are different too.
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