Delaware Certificate of Limited Partnership of New Private Equity Fund

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This is a sample private equity company form, a Certificate of Limited Partnership. Available in Word format.

How to fill out Certificate Of Limited Partnership Of New Private Equity Fund?

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FAQ

A certificate of limited partnership must be signed by all the general partners and state their names and addresses. A partnership agreement is not required to be publicly filed or recorded, and the names of the limited partners are not required to be set forth in the certificate of limited partnership.

§§ 17-108. Indemnification. Subject to such standards and restrictions, if any, as are set forth in its partnership agreement, a limited partnership may, and shall have the power to, indemnify and hold harmless any partner or other person from and against any and all claims and demands whatsoever.

Some states only require that the certificate contains the name of the limited partnership, the name and address of the registered agent and registered office, and the names and addresses of all of the general partners.

A limited liability partnership is similar to a limited liability company (LLC) in that all partners are granted limited liability protection. However, in some states the partners in an LLP get less liability protection than in an LLC.

Forming a Limited Liability Partnership in Delaware A Limited Liability Partnership is often formed by licensed professionals such as a group of attorneys, accountants, or physicians because they generally protect each individual partner from liability for the professional malpractice of all other partners.

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.

Limited partnership (LP) is a type of partnership organization that limits the personal liability of some partners. In general partnerships, every partner remains personally liable for the debts and obligations of the partnership.

Advantages of a limited partnership include: The business can raise capital by enticing investors to become limited partners by offering them personal liability protection. Compared to an LLC or corporation, a limited partnership is easier and cheaper to form, with fewer record-keeping and reporting requirements.

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Delaware Certificate of Limited Partnership of New Private Equity Fund