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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.
A Delaware LLC is a business vehicle with a legal existence separate and distinct from its owners. The owners and managers of a Delaware LLC are not personally liable for the company's debts and obligations. A Delaware LLC has the ability to be treated as a pass-through entity for tax purposes.
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 partnership formed under this chapter shall be a separate legal entity, the existence of which as a separate legal entity shall continue until cancellation of the limited partnership's certificate of limited partnership.
A limited partnership (LP) is comprised of one or more general partners and one or more limited partners. It is a separate legal entity from the partners who hold interests in it. It is very much like a general partnership, save for the separate limited liability status of the limited partners.
Limited Partnership (LP) The limited partnership is made up of two types of partners: general partners and limited partners. This business structure can be seen as a cross between a general partnership and a corporation, where limited liability protection exists for some partners.
Delaware LP does have legal personality. Limited partnerships are unique in that they have two levels of existence ? the general partnership and the limited partnership. The limited partnership is a separate entity from its partners and can own property, enter into contracts, and sue or be sued.
Foreign LLC registered in Utah: To withdraw or cancel your foreign LLC in Utah, you must provide the completed Application for Withdrawal of a Foreign Limited Liability Company form, along with a Tax Clearance Certificate, to the Division of Corporations & Commercial Code by mail, fax or in person.