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Statutory conversions involve a much simpler process than mergers. Because Delaware recognizes LLC-to-corporation conversions, it's best to use the statutory conversion process laid out in Delaware's business laws.
Delaware uses the name domestication only for a similar transaction that officially moves an entity organized in another country to Delaware. Delaware's conversion process can also change a Delaware LLC into an out-of-state LLC.
The Certificate of Limited Partnership can be completed online as a PDF file and mailed to the Delaware Division of Corporations. Cost to Form an LP: The state of Delaware charges a filing fee of $200 to form a limited partnership.
Certificate of Limited Partnership Interest means a Certificate signed on behalf of the Partnership by a General Partner evidencing the interest of a Limited Partner, including the Assignor Limited Partner on behalf of the Unitholders, in the Partnership.
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.
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.
A Delaware Limited Partnership refers to a business entity in the state of Delaware that consists of at least one general partner and at least one limited partner. The general partner can be either an individual or an entity, such as a corporation.
Section 265 - Conversion of other entities to a domestic corporation (a) As used in this section, the term "other entity" means a limited liability company, statutory trust, business trust or association, real estate investment trust, common-law trust or any other unincorporated business including a partnership ( ...