Statement of Termination for Lp and Lllp - Arkansas

Statement of Termination for Lp and Lllp is a legal document that was released by the Arkansas Secretary of State - a government authority operating within Arkansas.

FAQ

Q: What is a Statement of Termination?
A: A Statement of Termination is a legal document used to dissolve a Limited Partnership (LP) or Limited Liability Limited Partnership (LLLP).

Q: What is a Limited Partnership (LP) in Arkansas?
A: A Limited Partnership (LP) is a business structure where there are one or more general partners who manage the business and are personally liable for its debts, and one or more limited partners who contribute capital but have limited liability.

Q: What is a Limited Liability Limited Partnership (LLLP) in Arkansas?
A: A Limited Liability Limited Partnership (LLLP) is a business structure that combines features of a limited partnership and a limited liability partnership. It provides limited liability for all partners.

Q: When should I file a Statement of Termination for an LP or LLLP in Arkansas?
A: You should file a Statement of Termination when you want to dissolve and wind up the affairs of a Limited Partnership (LP) or Limited Liability Limited Partnership (LLLP) in Arkansas.

Q: What information is required in a Statement of Termination for an LP or LLLP in Arkansas?
A: The required information for a Statement of Termination includes the name of the LP or LLLP, the effective date of termination, and a statement affirming that all debts and obligations have been paid or adequately provided for.

Q: Are there any other requirements or steps to dissolve an LP or LLLP in Arkansas?
A: Yes, there may be additional requirements or steps to complete the dissolution process. It's recommended to consult with a legal professional or the Arkansas Secretary of State for guidance.