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This version of the form is not currently in use and is provided for reference only. Download this version of
Form SDS
for the current year.
Form SDS Statement of Dissociation (Domestic or Foreign Partnership) - Kentucky
What Is Form SDS?
This is a legal form that was released by the Kentucky Secretary of State - a government authority operating within Kentucky. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is a Statement of Dissociation?
A: A Statement of Dissociation is a legal document used to notify the state and other parties that a partner has dissociated from a partnership.
Q: What is a Domestic Partnership?
A: A domestic partnership is a partnership that is formed and operates within the state where it was created.
Q: What is a Foreign Partnership?
A: A foreign partnership is a partnership that is formed in another state or country and is seeking to do business or operate in Kentucky.
Q: Why would a partner dissociate from a partnership?
A: There can be various reasons for a partner to dissociate from a partnership, such as retirement, disagreement, or personal circumstances.
Q: Who needs to file a Statement of Dissociation?
A: The partner who is dissociating from the partnership needs to file the Statement of Dissociation.
Q: What information is required in the Statement of Dissociation?
A: The Statement of Dissociation typically requires the name of the partnership, the name of the dissociating partner, the effective date of dissociation, and the reason for dissociation.
Q: Is there a fee for filing a Statement of Dissociation?
A: Yes, there is a filing fee associated with submitting a Statement of Dissociation. The fee amount may vary.
Q: What happens after the Statement of Dissociation is filed?
A: Once the Statement of Dissociation is filed and approved by the state, the dissociating partner is no longer considered a part of the partnership.
Q: Is it necessary to have legal representation when filing a Statement of Dissociation?
A: While it is not required to have legal representation, it is recommended to consult with an attorney familiar with partnership law to ensure the process is completed correctly.
Form Details:
- Released on January 1, 2012;
- The latest edition provided by the Kentucky Secretary of State;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form SDS by clicking the link below or browse more documents and templates provided by the Kentucky Secretary of State.
Download Form SDS Statement of Dissociation (Domestic or Foreign Partnership) - Kentucky
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