Upa 1003 form-2025

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The document is a renewal statement form for Limited Liability Partnerships (LLPs) under the Illinois Uniform Partnership Act, requiring submission in duplicate with a filing fee. It outlines necessary information such as the partnership name, federal employer identification number, address of the chief executive office, registered agent details, total number of partners, and a brief business description. The renewal must be filed within 60 days prior to the anniversary date of the original qualification to maintain LLP status.

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Versions	Form popularity	Fillable & printable
2021	4.9 Satisfied (56 Votes)
2009	4.3 Satisfied (116 Votes)

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What is the Illinois Limited Liability Partnership Act?

Form NumberForm NameFee LP 201 Certificate of Limited Partnership $150 LP 202 Amendment to the Certificate of Limited Partnership $50 LP 202RECE Restated Certificate of Limited Partnership $150 LP 203 Statement of Termination of the Certificate of Limited Partnership $2519 more rows

What is the Illinois Limited Liability Company Act?

The Articles of Organization may list one or more specific purposes and/or a general statement of purpose. The Illinois Limited Liability Company Act permits Illinois LLCs registered with the Secretary of State to be formed for any lawful purpose.

What is the Illinois Partnership Act?

In Illinois, partnerships are governed by the Illinois Uniform Partnership Act of 1997 (Partnership Act). The Partnership Act provides a default set of rules that govern partnerships. Many business partners often choose to formalize their relationship by creating partnership agreements.

What is the Limited Partnership Act?

A limited partnership (LP) is a business owned by two or more parties. These must include at least one general partner who runs the business and has unlimited liability for any debts. The limited partners have liability only up to the amount of their investment.

What is a 1003 form in mortgage?

Illinois Limited Liability Partnerships are governed by the Uniform Partnership Act (1997)(805 ILCS 206). A Limited Liability Partnership (LLP) is a unique form of business entity that combines elements of partnerships and corporations, presenting distinct advantages and considerations to prospective business owners.

What is the difference between an LLC and an LLP in Illinois?

An LLP is partnership-based and often chosen by professional service firms, offering liability protection without the formality of a corporation. An LLC, meanwhile, provides more flexibility in ownership and management, suitable for a broader range of businesses.

Upa 1003 form-2025

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