Fill in Your California Lp 7 Template

The California LP-7 form, officially known as the Limited Partnership Certificate of Revival, plays a crucial role for limited partnerships seeking to reinstate their status after cancellation. To initiate the revival process, the form must be accompanied by a filing fee of $30 and a written confirmation from the California Franchise Tax Board. This confirmation serves as proof that all taxes, fees, penalties, and interest have been settled, and that all necessary tax returns have been filed. The LP-7 requires specific information, including the original file number and date of the limited partnership, as well as the original entity name at the time of cancellation. If the original name is unavailable, a new name must be provided, adhering to naming conventions. Additionally, the form necessitates the designation of an initial agent for service of process, which can be either an individual or a corporation. Names and addresses of all general partners must also be included, with a checkbox to indicate any new partners not previously listed. The form concludes with a required statement affirming the authority of the general partners to file the revival certificate, along with a declaration that the information provided is accurate. Proper completion and submission of the LP-7 form ensures that the limited partnership can be revived with the same legal standing as before cancellation, making it a vital step for businesses looking to resume operations.