Statement of Termination - Limited Partnership - Washington

Statement of Termination - Limited Partnership is a legal document that was released by the Washington Secretary of State - a government authority operating within Washington.

FAQ

Q: What is a limited partnership in Washington?
A: A limited partnership is a type of business structure in Washington where there are general partners who manage the business and limited partners who have limited liability.

Q: What is a Statement of Termination for a limited partnership?
A: A Statement of Termination is a legal document filed with the Washington Secretary of State to officially dissolve a limited partnership.

Q: Why would a limited partnership terminate?
A: A limited partnership may terminate for various reasons, such as the completion of the partnership's purpose, the expiration of its term, or by a majority vote of the partners.

Q: What information is required in a Statement of Termination?
A: The Statement of Termination must include the name of the limited partnership, the date of filing, and a statement that the limited partnership has been dissolved and terminated.

Q: How do I file a Statement of Termination for a limited partnership in Washington?
A: To file a Statement of Termination, you need to complete the appropriate form provided by the Washington Secretary of State and submit it along with the required filing fee.

Q: What happens after filing a Statement of Termination?
A: After filing a Statement of Termination, the limited partnership will be officially dissolved and its legal existence will come to an end.

Q: Are there any additional steps required after filing a Statement of Termination?
A: Depending on the specific circumstances, there may be additional steps required to wind up the affairs of the limited partnership, such as notifying creditors and distributing assets.

Q: Can a terminated limited partnership be revived?
A: Yes, it is possible to reinstate a terminated limited partnership in Washington by filing a Certificate of Revival with the Washington Secretary of State, as long as certain criteria are met.

Q: Can I use a Statement of Termination form for other types of business entities?
A: No, the Statement of Termination form is specific to limited partnerships in Washington. Other types of business entities have their own forms for termination or dissolution.