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What is a Delaware Limited Partnership? Delaware Limited Partnerships (DLPs) are a type of business entity in the United States. They are formed by filing a certificate of limited partnership with the Delaware Secretary of State. DLPs have two types of partners: general partners and limited partners.
You can cancel/dissolve a Domestic Limited Liability Limited Partnership by filing a Statement of Dissolution . You can also terminate a Domestic LLLP by filing a Statement of Termination . Or you can withdraw a Foreign Limited Liability Limited Partnership by filing a Withdrawal of Registration of a Foreign LLLP .
In Delaware, LLCs don't need to file a Dissolution form with the state, however, it's best to place the decision to dissolve in writing. We provide a Members' Consent to Dissolution form below that you can use. This form doesn't need to be sent to the state. You can just keep it with your business records.
Also known as articles of merger. A certificate evidencing the merger of two or more entities into one entity.
A Delaware LLC merger happens when business agreements combine multiple entities into one sole entity. The LLC series isn't considered a separate entity ing to Delaware state laws.
In Delaware, "dissolution" refers to the process of closing a corporation through the filing of a Certificate of Dissolution. Closing an LLC, on the other hand, requires "canceling" through a Certificate of Cancellation.
Delaware Entity Dissolution Information A limited partnership can file a statement of cancellation with the Delaware Department of State, Division of Corporations. The filing will include a fee of $200.
If you're ready to dissolve your business, you need to file dissolution papers, settle your debts, and distribute assets to the partners.