Form 302 Statement of Dissolution - Domestic Limited Partnership - Rhode Island

What Is Form 302?

This is a legal form that was released by the Rhode Island Department of State - a government authority operating within Rhode Island. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is a Form 302?
A: Form 302 is a Statement of Dissolution for a Domestic Limited Partnership in Rhode Island.

Q: What is a Domestic Limited Partnership?
A: A Domestic Limited Partnership is a business structure in which two or more partners operate a business together and have limited liability.

Q: What is the purpose of Form 302?
A: Form 302 is used to officially dissolve a Domestic Limited Partnership in Rhode Island.

Q: Who needs to file Form 302?
A: The partners or authorized representatives of a Domestic Limited Partnership need to file Form 302 to dissolve the partnership.

Q: What information is required in Form 302?
A: Form 302 requires information such as the name and address of the partnership, the effective date of dissolution, and the reason for dissolution.

Q: Is there a fee for filing Form 302?
A: Yes, there is a filing fee for submitting Form 302. The fee may vary, so it is best to check with the Secretary of State's office for the current fee.

Q: Are there any other requirements to dissolve a Domestic Limited Partnership?
A: In addition to filing Form 302, the partnership may need to fulfill other requirements such as settling debts, notifying creditors, and distributing assets.

Q: What happens after Form 302 is filed?
A: After Form 302 is filed and approved, the Domestic Limited Partnership is officially dissolved and its legal obligations are terminated.

Q: Is professional assistance recommended for filing Form 302?
A: While it is possible to file Form 302 without professional assistance, it may be beneficial to consult with an attorney or business advisor to ensure the process is completed correctly.