LP Agreement: Corporate Transparency Act Beneficial Ownership Compliance (Long Form) | Practical Law

LP Agreement: Corporate Transparency Act Beneficial Ownership Compliance (Long Form) | Practical Law

A long-form Standard Clause that can be used in the limited partnership agreement (LPA) of a US limited partnership (LP) that is a reporting company under the Corporate Transparency Act (CTA). This Standard Clause requires the LP's partners to report to the LP information about themselves or, if they are entities, about their direct or indirect owners who are individuals to enable the LP to satisfy its beneficial ownership information reporting obligations under the CTA. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

LP Agreement: Corporate Transparency Act Beneficial Ownership Compliance (Long Form)

Practical Law Standard Clauses w-040-9471 (Approx. 31 pages)

LP Agreement: Corporate Transparency Act Beneficial Ownership Compliance (Long Form)

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A long-form Standard Clause that can be used in the limited partnership agreement (LPA) of a US limited partnership (LP) that is a reporting company under the Corporate Transparency Act (CTA). This Standard Clause requires the LP's partners to report to the LP information about themselves or, if they are entities, about their direct or indirect owners who are individuals to enable the LP to satisfy its beneficial ownership information reporting obligations under the CTA. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.