Limited Partnership
From MIBusinessOneStopProdWiki
The Corporation Division promotes economic development and growth by facilitating the formation of business entities in Michigan. The Division provides services that enable corporations, limited partnerships, limited liability companies, and limited liability partnerships to be formed, and for foreign entities to obtain a certificate of authority to transact business Corporation Division
A. NAME OF PERMIT OR APPROVAL:
Form a Limited Partnership
B. STATUTORY AUTHORITY:
Michigan Revised Uniform Limited Partnership Act
C. APPLICABLE REGULATION:
No Administrative Rules support the Act
D. SUMMARY OF PERMIT/APPROVAL PROCESS:
1. Applicability (activities that require the permit)
A limited partnership is a partnership formed by two or more persons under the laws of Michigan and having one or more general partners and one or more limited partners. The general partners are liable for all the debts and obligations of the firm, while limited partners are responsible only for the debts and obligations of the amount that they contributed. A limited partnership must have at least one general partner and one limited partner. One person may not form a limited partnership by being designated as the only limited and general partner.
2. How to Submit Documents
- By Email
- By Fax
- In Person
- By Mail - Submit document with remittance (check or money order) payable to the State of Michigan. Michigan Department of Licensing and Regulatory Affairs, Bureau of Commercial Services, Corporation Division, PO Box 30054, Lansing, MI 48909
3. Submission Requirements
4. Procedures and Time-Frame for Approval
EXPEDITED SERVICE AVAILABLE:
5. Operational Requirements
- Converting to Limited Liability Company
- Certificate of Cancellation
- Amendments
- Restated Certificate
- Mergers
6. Fees
7. Appeal Process
None
8. Public Input Opportunities
E. Contact Information:
- Creation/Revision Date: December 2008
