question.jpgIn Business Law

What is a certificate of limited partnership?

A certificate of limited partnership is a very simple document created for limited partnerships, when the partnership is first being setup, and which is then filed with the state. It basically identifies the existence of the partnership, and notifies the state of the partnership’s existence. Most states do not require partnerships to draft and file a certificate of limited partnership, but suggest you do so. However, you should check your state law to ensure that you are in compliance with its requirements.