Louisiana Revised Statutes 9:3432 – Registered limited liability partnerships
Terms Used In Louisiana Revised Statutes 9:3432
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
A. To become a registered limited liability partnership, a partnership shall file with the secretary of state an application stating the name of the partnership, the address of its principal office, the number of partners, and a brief statement of the business in which the partnership engages.
B. The application shall be executed by a majority in interest of the partners or by one or more partners authorized by a majority in interest of the partners.
C. The application shall be accompanied by a fee as provided in La. Rev. Stat. 49:222 made payable to the secretary of state.
D. The secretary of state shall register or renew any partnership that submits a completed application with the required fee.
E. Registration is effective for one year after the date the registration is filed, unless voluntarily withdrawn by filing with the secretary of state a written withdrawal notice executed by a majority in interest of the partners or by one or more partners authorized by a majority in interest of the partners.
F. The secretary of state may provide forms for application for or renewal of registration.
Acts 1992, No. 780, §1, eff. July 7, 1992; Acts 2008, No. 913, §1.