Indiana Certificate of Limited Partnership of New Private Equity Fund is a legal document required by the State of Indiana for the formation of a private equity fund structured as a limited partnership. It serves as proof of the fund's existence and provides specific information about its nature and operation. This certificate is a crucial step in establishing a new private equity fund and ensures compliance with Indiana's laws and regulations. Keywords: Indiana, Certificate of Limited Partnership, New, Private Equity Fund The Indiana Certificate of Limited Partnership of a New Private Equity Fund includes the following essential details: 1. Fund Name: The certificate includes the official name of the private equity fund, which can be chosen by the fund's managing partners. The name should be unique and comply with the guidelines set by the Indiana Secretary of State. 2. Registered Address: The certificate states the principal place of business and registered address of the private equity fund in Indiana. This is the official location where legal documents can be served to the fund. 3. Registered Agent: The certificate identifies the registered agent, an individual or entity responsible for accepting legal documents on behalf of the private equity fund. The registered agent must have a physical address in Indiana and be available during regular business hours. 4. Duration: Indiana allows private equity funds to specify their duration in the certificate. Funds may choose to have a specific end date or choose perpetual duration. 5. Capital Contributions: The certificate outlines the capital contributions made by each limited partner and the general partner. It specifies the amount and type of contributions made, which may include both cash and non-cash assets, and the percentage ownership allocated to each partner. 6. Management Structure: The certificate describes the management structure of the private equity fund. It specifies the roles and responsibilities of the general partner(s), who manage and operate the fund, and the limited partner(s), who invest capital but have limited liability. 7. Dissolution: The certificate may include provisions regarding the dissolution of the private equity fund. It outlines the circumstances under which the fund may be dissolved and the process for liquidating assets and distributing proceeds to partners. Types of Indiana Certificate of Limited Partnership: 1. Basic Certificate of Limited Partnership: This is the standard certificate required for the formation of a new private equity fund in Indiana. It includes all the essential details mentioned above. 2. Amended Certificate of Limited Partnership: If any changes occur in the private equity fund's information after its initial formation, an amended certificate must be filed. This could include changes in the fund's name, address, registered agent, or capital contributions. 3. Foreign Limited Partnership Application: If a private equity fund operating in another state wants to do business in Indiana, they must file a foreign limited partnership application. This type of certificate ensures compliance with Indiana's laws and allows the fund to operate within the state. In conclusion, the Indiana Certificate of Limited Partnership of New Private Equity Fund is a crucial legal document that establishes a private equity fund's existence, outlines its essential details, and ensures compliance with Indiana's laws. Different types of these certificates include the basic certificate, amended certificate, and foreign limited partnership application.
Indiana Certificate of Limited Partnership of New Private Equity Fund
Description
How to fill out Indiana Certificate Of Limited Partnership Of New Private Equity Fund?
If you need to complete, download, or print out legitimate document layouts, use US Legal Forms, the most important variety of legitimate types, which can be found on-line. Make use of the site`s basic and convenient search to find the paperwork you need. Different layouts for company and individual functions are categorized by classes and claims, or keywords. Use US Legal Forms to find the Indiana Certificate of Limited Partnership of New Private Equity Fund within a few clicks.
In case you are currently a US Legal Forms consumer, log in to your bank account and click the Download key to obtain the Indiana Certificate of Limited Partnership of New Private Equity Fund. You can even accessibility types you formerly acquired from the My Forms tab of your bank account.
If you use US Legal Forms the first time, follow the instructions under:
- Step 1. Be sure you have chosen the shape for the correct area/region.
- Step 2. Use the Preview method to look through the form`s content. Do not forget about to read through the outline.
- Step 3. In case you are unhappy with all the kind, make use of the Lookup discipline towards the top of the display to locate other versions in the legitimate kind template.
- Step 4. Once you have identified the shape you need, select the Purchase now key. Pick the pricing prepare you favor and add your references to register to have an bank account.
- Step 5. Procedure the purchase. You should use your charge card or PayPal bank account to complete the purchase.
- Step 6. Pick the file format in the legitimate kind and download it in your gadget.
- Step 7. Comprehensive, edit and print out or signal the Indiana Certificate of Limited Partnership of New Private Equity Fund.
Every single legitimate document template you purchase is your own property eternally. You might have acces to each and every kind you acquired with your acccount. Go through the My Forms portion and decide on a kind to print out or download again.
Contend and download, and print out the Indiana Certificate of Limited Partnership of New Private Equity Fund with US Legal Forms. There are thousands of skilled and express-certain types you may use to your company or individual requirements.
Form popularity
FAQ
The general partnership is simply formed when the partners begin transacting business together. On the other hand, a limited partnership does have a formal formation process with the Indiana state government, and there is also a formation fee involved.
A Limited Liability Partnership (LLP) is formed and governed based on the Indiana Uniform Partnership Act. An LLP is considered a blend of a corporation and a partnership. Beyond the assets that were invested in the partnership, none of the partners may be held personally responsible for the actions of other parties.
Indiana Code Section 23-0.5-2-13 requires LLCs to submit a biennial business entity report to the Secretary of State every other year. You can file online for a $31 fee or by mail for a $50 fee.
General Partnerships General partners and their companies are considered the same entity for legal and tax purposes. Multi-owner businesses can be formed with a general partnership, which is a simple and inexpensive structure. There aren't any federal, state, or local filing requirements in the state.
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.
Limited partnerships (LP): LPs need to file a Certificate of Limited Partnership to do business within Indiana. Like a general partnership, they too may create a partnership agreement. Limited liability partnerships (LLP): LLPs must turn in an Application for Registration of an LLP with the state.
Indiana Code § 23-0.5-3-1. Permitted Names; Falsely Implying Government Agency Status or Connection :: 2022 Indiana Code :: US Codes and Statutes :: US Law :: Justia.
A limited partnership is formed by two or more entities and must have at least one limited partner and one general partner. Limited partners are only liable for the partnership's debts equal to their investment in the partnership.
