If you have questions about LPs or the services we provide when we form an Arizona LP call Arizona limited partnership attorney Rick Keyt at 480-664-7478 or his son attorney and former CPA Richard C. Keyt at 480-664-7472. We don't charge for questions about forming Arizona LPs.
Enter the LP's exact name. If you are not sure of the name or do not know it, enter "Undecided" and continue filling out this questionnaire.
Note: To check if your desired LP name is available, search the Arizona Secretary of State's name database.
The LP must have a place of business in Arizona that is a physical address. The address cannot be a US Post Office box. If you don't have an Arizona address or if you do not want your address to appear on the Arizona Secretary of State's public records use our address service.
Select the total number of limited partners (owners).
Will any limited partner be required to pay money to the LP? Arizona LP law provides that no limited partner of an Arizona LP is obligated to pay money to the LP unless the limited partner signs a document that states the amount and due date of the payment. If you select Yes then this Questionnaire will ask how much money must each limited partner contribute and when will the money be due. If multiple payments will be required, enter the additional payment information in the Additional Information field at the end of this Questionnaire.
What is the legal name of the 1st Limited Partner?
Enter the percentage of the LP owned by this Limited Partner. The total percentage owned by all Limited Partner must equal 99% because the General Partner will own 1%.
Insert the date of this Limited Partner's existing trust agreement.
Name of the trustee(s) as set forth in the Trust Agreement.
In what state was the entity formed?
This Limited Partner must sign the Partnership Agreement. Who will sign for the entity and what is the signer's title? For example: Homer Simpson, Member (if the entity is a member managed LLC); Homer Simpson, Manager (if the entity is a manager managed LLC), Homer Simpson, President (if the entity is a corporation) & Homer Simpson, General Partner (if the entity is a limited partnership).
Is the address of this Limited Partner the same as the LP's place of business address in Arizona entered above?
This is the 1st Limited Partner's mailing address to which we will send correspondence.
Arizona law does not require a Limited Partner of an LP to contribute money to the LP. However, if you want a Limited Partner to contribute money to the LP the Limited Partner must sign a document that creates the legal obligation to pay money to the LP.
If you want to create a legal obligation for this Limited Partner to pay money to the LP select the Yes button and answer the contribution questions that follow. We will then include language in the Partnership Agreement that requires this Limited Partner to make the capital contribution(s).
Note: If this Limited Partner is to be obligated to make more than one payment include the future payment amounts and due dates in the Additional Information field at the end of this Questionnaire.
How much money is this member required to pay to the LLC?
What is the deadline on or before this Limited Partner must pay the contribution amount to the LP?
If the Limited Partner is a trust, the name must be the legal name of the trust. If the Limited Partner is an entity, the name must be the legal name of the entity such as World Wide Widgets, LLC or Best Widgets, Inc.
What is the name of your existing trust? The name must be the legal name of the trust. The name should be stated near the beginning of the trust agreement.
Name of the trustee(s) as set forth in the Trust Agreement or the name(s) of the person or people who will be the initial trustee(s) of the Confidential Trust.
This member must sign the Operating Agreement and the organizational resolutions. Who will sign for the entity and what is the signer's title? For example: Homer Simpson, Member (if the entity is a member managed LLC); Homer Simpson, Manager (if the entity is a manager managed LLC), Homer Simpson, President (if the entity is a corporation) & Homer Simpson, General Partner (if the entity is a limited partnership).
Is the address of this member the same as the LP's place of business address in Arizona entered above?
This is the 2nd Limited Partner's mailing address to which we will send correspondence.
What is the deadline on or before this member must pay the contribution amount to the LLC?
This is the 3rd Limited Partner's mailing address to which we will send correspondence.
Enter the percentage of the LP owned by this Limited Partner. The total percentage owned by all Limited Partners must equal 99% because the General Partner will own 1%.
What name do you want to appear in the LLC's Articles of Organization for this member? If the member is a trust, the name must be the legal name of the trust. If the member is an entity, the name must be the legal name of the entity such as World Wide Widgets, LLC or Best Widgets, Inc.
This is the 4th Limited Partner's mailing address to which we will send correspondence.
The LP must have a General Partner. Because Arizona law provides that the General Partner (unlike the Limited Partners) is liable for all of the LP's debts and obligations you must form a new Arizona limited liability company ("LLC") to be the LP's General Partner.
The General Partner must sign the Partnership Agreement. Who will sign for the General Partner and what is the signer's title? For example: Homer Simpson, Member (if the entity is a member managed LLC); Homer Simpson, Manager (if the entity is a manager managed LLC), Homer Simpson, President (if the entity is a corporation) & Homer Simpson, General Partner (if the entity is a limited partnership).
Who is the Limited Partnership's contact person? This is the person we will call or email if we have a question.
Name of the person Richard Keyt or his legal assistant should contact if they have any questions or issues concerning the Limited Partnership.
Select the appropriate button to tell Richard Keyt who he represents as his client. Richard Keyt can only represent one party. He can represent only the LP or one of its Limited Partners.
Select the appropriate button to tell Richard Keyt who he represents as his client. Richard Keyt can only represent one party. He can represent only the LP or one of its Partners.
Select the appropriate button to tell Richard Keyt who he represents as his client. Richard Keyt can only represent one party, i.e., the LP or one Partner.
Do you need another field to enter information about additional members or capital contributions or any other information you want us to know?
In the field above type any additional information you want Richard Keyt to know about the Partners or the to be formed LP.
If the LP will have more than four Limited Partners enter the following information here for each Limited Partner: name of Limited Partner, percentage ownership, entity type and state of formation and who signs for the entity and his or her title, address and phone number.
If any Limited Partner(s) is/are required to make more than one payment of money to the LP insert the name(s) of the Limited Partner(s), amount(s) of the contribution(s) and due date(s) of each additional contribution.
The Bipartisan Budget Act of 2015 made major changes to the way the IRS audits LLCs taxed as partnerships. One of the changes requires that partnerships name a person who has a substantial presence in the United States to be the partnership's Partnership Representative. Although the Partnership Representative does not have to be a Partner of the LP, we recommend that a Limited Partner be the Partnership Representative.
If the LP is audited the IRS will only deal with the Partnership Representative. If your LP fails to name a Partnership Representative the IRS will name somebody to be your partnership's Partnership Representative. You don't want the IRS to pick somebody you don't know who has the power to consent to an IRS audit that says the LP owes additional taxes.
What is the email address of the person to whom we will send this Questionnaire for review and approval?
You are done. Click the Submit button below to send your Questionnaire to Arizona limited partnership attorney Richard Keyt and a copy to the LP's contact person.
