The Ohio Certificate of Cancellation of Certificate of Limited Partnership is a legal document filed with the Ohio Secretary of State's office to officially dissolve or terminate a limited partnership in the state of Ohio. This certificate is essential for closing down a limited partnership and ensures that all legal obligations and responsibilities associated with the business are properly concluded. To initiate the dissolution process, the limited partnership's partners must carefully complete the Ohio Certificate of Cancellation of Certificate of Limited Partnership form. This form requires specific information relevant to the limited partnership, including the official name of the partnership, the date of formation, the Ohio registration number or file number, and details of the registered agent or office. The Ohio Certificate of Cancellation of Certificate of Limited Partnership must also include the reason for the dissolution of the limited partnership. Common reasons may include the expiration of the limited partnership term, successful attainment of the partnership's goals, or any other legally valid reason for termination. It is crucial to note that there are different types of Ohio Certificate of Cancellation of Certificate of Limited Partnership based on the circumstances of the dissolution: 1. Voluntary Dissolution: This type of certificate is used when the limited partnership's partners mutually agree to dissolve the partnership. It occurs when the partners believe that the partnership has served its purpose or is no longer financially viable. 2. Involuntary Dissolution: If a limited partnership fails to comply with Ohio state laws or operating agreements, third parties or the state itself may issue an involuntary dissolution order. In this case, the limited partnership's partners are obligated to file a certificate of cancellation and follow the necessary legal procedures. 3. Administrative Dissolution: When a limited partnership fails to fulfill compliance requirements such as filing annual reports, paying fees, or maintaining a registered agent, the Ohio Secretary of State's office may initiate an administrative dissolution. The partners must then file a certificate of cancellation to officially dissolve the partnership. Filing the Ohio Certificate of Cancellation of Certificate of Limited Partnership is a critical step in the dissolution process. It ensures that the limited partnership complies with state regulations, prevents any future liability or legal consequences, and clarifies the finality of the partnership's termination. It is advisable to consult with a legal professional to ensure accuracy and compliance when completing this certificate, as mistakes or omissions may result in delays or complications in the dissolution process.
Ohio Certificate of Cancellation of Certificate of Limited Partnership
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How to fill out Ohio Certificate Of Cancellation Of Certificate Of Limited Partnership?
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"I, (name), do solemnly swear that I will support the Constitution of the United States and the Constitution of Ohio, will administer justice without respect to persons, and will faithfully and impartially discharge and perform all of the duties incumbent upon me as (name of office) ing to the best of my ability ...
As provided in Ohio Revised Code Section 1776.65, a partner may file a Statement of Dissolution (Form 567), which signals the end of the partnership. Dissolution means the partnership will no longer be conducting new business, but concluding all existing business and ending the partnership's existence.
