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

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

A short-form Standard Clause that can be used in the limited partnership agreement (LPA) of a US limited partnership (LP) that is or might become a reporting company under the Corporate Transparency Act (CTA). This Standard Clause requires the LP's partners to provide the LP with information it needs to satisfy the LP's beneficial ownership information reporting obligations under the CTA. This Standard Clause is not intended for use in agreements where the parties require detailed reporting provisions. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

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

Practical Law Standard Clauses w-040-9386 (Approx. 21 pages)

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

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A short-form Standard Clause that can be used in the limited partnership agreement (LPA) of a US limited partnership (LP) that is or might become a reporting company under the Corporate Transparency Act (CTA). This Standard Clause requires the LP's partners to provide the LP with information it needs to satisfy the LP's beneficial ownership information reporting obligations under the CTA. This Standard Clause is not intended for use in agreements where the parties require detailed reporting provisions. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.