California Form Lp 102 PDF Details

Understanding the intricacies of business law in California becomes crucial when dealing with the formation and dissolution aspects of limited partnerships (LPs). Among the various documents that play a pivotal role in the operational dynamics of LPs, the California LP-102 form stands out due to its unique purpose and the legal implications it carries. Essentially, this form serves as a Certificate of Withdrawal specifically designed for individuals who have, under the impression of having achieved the status of a limited partner in a California-based LP, decided to retract their status and future participation in the venture. This decision is formally recognized by the California Secretary of State upon the completion and filing of the LP-102 form. The procedure not only mandates a good faith belief of mistaken partnership but also adheres to the statutory filing requirements outlined in the California Corporations Code section 15903.06. Moreover, the form encapsulates a declaration by the withdrawing party, authenticated by their signature, proclaiming their withdrawal and affirming the veracity of the statements made under the penalty of perjury as highlighted in section 15902.08(b) of the Corporations Code. Furthermore, this document, which holds legal weight, specifies the necessary filing details, including the filing fees, the method of submission, and the provision for the return of a filed copy, delineating a straightforward yet legally significant process for individuals seeking to retract their limited partnership status in California.

QuestionAnswer
Form NameCalifornia Form Lp 102
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other nameslp 102 california certificate of withdrawal form

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LP-102

State of California

Secretary of State

Certificate of Withdrawal

(by a limited partner of a domestic (California) limited partnership)

This Space For Filing Use Only

Instructions for Completing this

Certificate of Withdrawal (Form LP-102)

Who Can File: Form LP-102 can be filed by a person who has made an investment in a California limited partnership (LP) and erroneously believes, in good faith, that they have become a limited partner of that LP. Upon filing Form LP-102, the person withdraws from future participation as an owner of the LP to the extent permitted by California Corporations Code section 15903.06(b).

Where to File: For easier completion, this form is available on the California Secretary of State's website at www.sos.ca.gov/business/be/forms.htm and can be completed online and printed to mail. The completed form can be mailed to Secretary of State, Document Filing Support Unit, P.O. Box 944225, Sacramento, CA 94244-2250 or delivered in person (drop off) to the Sacramento office. If you are not completing this form online, please type or legibly print in black or blue ink. This form is filed only in the Sacramento office.

Legal Authority: Statutory filing requirements are found in California Corporations Code section 15903.06. Note: Signing Form LP-102 constitutes an affirmation under penalty of perjury that the facts stated in the certificate are true. (California Corporations Code section 15902.08(b).)

Fees: The fee for filing Form LP-102 is $30.00. A non-refundable $15.00 special handling fee is applicable for processing documents delivered in person (drop off) at the Sacramento office. The preclearance and/or expedited filing of a document within a guaranteed time frame can be requested for an additional non-refundable fee in lieu of the special handling fee. For detailed information about preclearance and expedited filing services, go to www.sos.ca.gov/business/be/service-options.htm. The special handling fee or preclearance and expedited filing services are not applicable to documents submitted by mail. Check(s) should be made payable to the Secretary of State.

Copies: Upon filing, we will return one (1) uncertified copy of your filed document for free. To get additional copies, include a separate request and payment for copy fees when the document is submitted. Copy fees are $1.00 for the first page and $.50 for each additional page. For certified copies, there is an additional $5.00 certification fee, per copy.

Complete Form LP-102 as follows:

Item 1. Enter the file number issued to the limited partnership by the California Secretary of State.

Item 2. Enter the name of the limited partnership exactly as it is of record with the California Secretary of State.

Item 3. Date, sign and type or print the name of the limited partner. Form LP-102 must be signed by the person withdrawing as a limited partner of the California limited partnership. (California Corporations Code section 15902.04.)

File Number

Entity Name

 

 

1. Secretary of State File Number

2. Name of California Limited Partnership

 

 

Statement of Withdrawal & Execution

3.In accordance with California Corporations Code section 15903.06, I hereby withdraw from future participation as an owner of the above-named limited partnership, and I declare I am the person who executed this instrument, which execution is my act and deed.

Signature of limited partner

Type or Print Name of limited partner

 

 

LP-102 (REV 01/2013)

APPROVED BY SECRETARY OF STATE

How to Edit California Form Lp 102 Online for Free

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1. Whenever completing the California Form Lp 102, make certain to include all essential blanks within its relevant part. It will help to facilitate the work, making it possible for your details to be processed promptly and properly.

California Form Lp 102 completion process explained (portion 1)

2. Your next stage is to complete the following fields: Secretary of State File Number, Name of California Limited, Statement of Withdrawal Execution, In accordance with California, Signature of limited partner, LP REV , Type or Print Name of limited, and APPROVED BY SECRETARY OF STATE.

Statement of Withdrawal  Execution, Type or Print Name of limited, and LP REV  in California Form Lp 102

Many people often make errors while completing Statement of Withdrawal Execution in this part. Don't forget to go over what you type in here.

Step 3: Once you've glanced through the information in the blanks, simply click "Done" to finalize your form. Create a free trial option at FormsPal and obtain direct access to California Form Lp 102 - which you can then start using as you wish inside your personal cabinet. At FormsPal, we do our utmost to make sure that your details are kept secure.