Partnership Registration Kit
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The Revised Uniform Partnership Act affords the partnership the opportunity to register an official Statement of Partnership Authority with officials in the jurisdiction in which the partnership holds real estate. The purpose of such a Statement is to provide a public record and public notice of those individual partners who have the authority to bind the partnership in contractual affairs, particularly those relating to real property.
The registration is a simple matter of completing a statement noting who has authority to do what within the partnership. It is also possible to amend or cancel any Statement of Partnership Authority in those states that have adopted the Revised Uniform Partnership Act. These statements are most often initially filed with the Secretary of State. In order to act as an effective and legal notice to third parties, a certified copy of the Statement must then be recorded in the records of the county in which the partnership does business or holds real estate.
Included in this kit are the following:
• Statement of Partnership Authority
• Amendment to Statement of Partnership Authority
• Cancellation of Statement of Partnership Authority
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