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Iowa Partnerships
Iowa Limited Partnership
Limited Partnership Name
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Shall contain the words "limited partnership" or the abbreviation "L.P.".
A limited partnership is a partnership formed by two or more persons and having
one or more general partners and one or more limited partners. As the definition
indicates, the difference between a limited partnership and a general partnership
is that a limited partnership has two classes of partners: general and limited.
General partners in a limited partnership have all the rights, duties and
obligations of partners in a general partnership. The limited partner's status,
on the other hand, differs from general partner's status in several ways. The
liability of a limited partner is generally limited to the amount that the
limited partner initially contributed to the partnership; the limited partner
generally does not participate in the control or management of the partnership;
a limited partner may not contribute services to the partnership, only money or
property; and, upon dissolution, a limited partner has priority over a general
partner in asset distribution.
- CERITIFCATE containing
the following information
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The name of the limited partnership
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The street address of its registered office in Iowa and the name of its registered
agent at that office
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The address of the office maintained by law in the state of its formation, or if such an office is not required, the
address of its principal office
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The names and business addresses of the general partners
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The address of the office which has available a list of the names and addresses of the limited partners and their
capital contributions
- Filling Fees
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