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AN OFTEN OVERLOOKED REQUIREMENTThe State of Delaware requires that all domestic and foreign-qualified Limited Partnerships list a General Partner in their formation papers. LPs are then also obligated to keep their General Partner information up to date in the Secretary of State database by filing a Certificate of Amendment in Delaware whenever their GP changes.WHAT MAKES COMPLIANCE DIFFICULT?
HOW CAN THIS REQUIREMENT IMPACT ME?Delaware will reject or suspend any new filings or document requests when an LP is not in full compliance. This can negatively impact new business initiatives such as mergers, acquisitions, expansions, name changes, and the like, simply because new document filings or requests can’t be completed. The problem can go unnoticed for quite some time, and usually surfaces when the LP needs to make urgent filings.LEARN MOREJoin the conversation. Visit us on Twitter, LinkedIn, Google+, and Facebook. To learn more about Delaware’s General Partner information requirement for limited partnerships and how CT can help, call us at 844-206-9032 or visit www.ctcorporation.com/corporations.
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