Certificate of Limited Partnership - Domestic Limited Partnership - South Dakota

Certificate of Limited Partnership - Domestic Limited Partnership is a legal document that was released by the South Dakota Secretary of State - a government authority operating within South Dakota.

FAQ

Q: What is a Certificate of Limited Partnership?
A: A Certificate of Limited Partnership is a legal document that establishes a limited partnership entity.

Q: What is a Domestic Limited Partnership?
A: A Domestic Limited Partnership is a type of partnership formed in South Dakota that consists of general partners and limited partners.

Q: What are the requirements for filing a Certificate of Limited Partnership in South Dakota?
A: To file a Certificate of Limited Partnership in South Dakota, you need to provide the partnership name, the street address of the partnership's principal office, the name and address of the registered agent, and the effective date of the partnership.

Q: What is the difference between a general partner and a limited partner?
A: A general partner has unlimited personal liability for the partnership's debts and obligations, while a limited partner has limited liability and is not personally liable for the partnership's debts beyond the amount they have invested.

Q: Do I need a lawyer to file a Certificate of Limited Partnership?
A: While it is not required to have a lawyer to file a Certificate of Limited Partnership in South Dakota, it is recommended to seek legal advice to ensure compliance with all relevant laws and regulations.

Q: How much does it cost to file a Certificate of Limited Partnership in South Dakota?
A: The filing fee for a Certificate of Limited Partnership in South Dakota is $35.

Q: Can a limited partnership be formed with just one person?
A: No, a limited partnership in South Dakota requires at least one general partner and one limited partner.