Does A Foreign Partnership Have To Register In Fl

Florida Police force: What is a Strange Limited Partnership?

A foreign limited partnership (LP) is a partnership that does business in Florida merely that has a different home country. If your business organisation partnership is domiciled in some other jurisdiction and you lot are planning on doing business concern in Florida, information technology is imperative that you understand your rights and responsibilities.

Under Florida law (Florida Statutes § 602.1901), foreign express partnerships are subject field to important rules and regulations. Most notably, they must annals with state authorities before doing business. Here, our West Palm Beach business litigation lawyers provide an overview of the key things y'all need to know about foreign limited partnerships in Florida.

Florida Application for Strange Limited Partnership: What You Need to Know

You Must Provide the Company Name and the Home State

When registering a foreign limited partnership in Florida, you should be prepared to provide your company'southward name and its principal identify of business. To be clear, Florida regulators cannot deny a partnership the right to exercise business in Florida simply because information technology is from a state with different laws.

You Must Appoint a Registered Agent

Someone should be selected to apply equally the registered agent for the strange express partnership. It should be noted that on the official state application, this individual will be required to provide their proper name and a valid Florida street address if the company needs to be served legal papers. Please annotation that the registered agent does not have to be a general partner at the house.

Regulators Need General Information Nearly the Ownership Structure

Another cardinal attribute of the application is the section that asks for information virtually the basic ownership structure of the partnership. More specifically, you will be required to provide the name, principal office location, and preferred mailing accost of each full general partner to the business. To be clear, the general partners do not need to take a Florida address—they can exist a resident of some other state.

Obtain a Certificate to Do Business in Florida

Later successfully completing and filing your awarding to register a strange express partnership in Florida, yous must await a basic review from state regulators. Upon approval, you will receive a valid certificate to operate a commercial business in our state.

Continue 'Active' Status: File an Annual Report

In guild to go along your foreign express partnership valid in Florida, you must file an annual study with the state. Failure to do then could result in the loss of your certificate to operate. This report should be filed prior to May 1st—otherwise your company will exist field of study to a belatedly fee of $400.

Call Our South Florida Partnership Lawyers for Firsthand Assistance

At Pike & Lustig, LLP, our Florida partnership police attorneys are skilled, experienced advocates for individuals and businesses. If you take questions about strange express partnerships, we are here to aid. Call us now for a confidential, no obligation initial consultation. With an office in W Palm Beach and an office in Miami, our legal team is well-positioned to suggest partnerships throughout Southeastern Florida.

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Michael Pike and Daniel Lustig | Posted on April iii, 2020