Form Overview
The Limited Partnership Agreement establishes a limited partnership arrangement between participating parties. The limited partnership allows the partnership form of ownership and operation while also allowing parties who elect limited partnership status to minimize personal expense and liability as partners to the amount invested by them in the partnership. Limited Partnerships are established pursuant to state law and may require the filing of a Certificate of Limited Partnership. The Limited Partnership Agreement available under MyTechnologyLawyer.com is based upon Florida law. The Agreement should specify the names of the Limited Partners, and their respective contributions. The form and content of any certificates required for filing with applicable government authorities should also be included. Terms governing the participation of limited partners in profits and losses should be established. The authority of the General Partner, management of capital accounts and transfer of limited partnership interests should be addressed. You can find answers to your questions using our extensive library of
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