Idaho Statement of Termination for Limited Partnerships Guide
Des: Step-by-step guide to filing an Idaho Statement of Termination for a limited partnership, including legal authority, form details, and filing notes.
How to File a Statement of Termination for an Idaho Limited Partnership
Filing a Statement of Termination is the formal step used to remove a Limited Partnership from active status in the state of Idaho. This filing notifies the Idaho Secretary of State that the limited partnership has completed dissolution and finished winding up its activities and affairs.
Legal Authority for Limited Partnership Termination in Idaho
The termination of a limited partnership in Idaho is governed by Title 30, Chapters 21 and 24 of the Idaho Code. Under these provisions, a limited partnership may file a Statement of Termination after it has dissolved and completed the winding up of its business.
The Statement of Termination serves as the official record that statutory requirements for termination have been met and that the partnership is eligible to be removed from active status with the Idaho Secretary of State.
General Information About the Statement of Termination Form
- Purpose of the Statement of Termination form
The Statement of Termination form is used to formally record the termination of an Idaho Limited Partnership after dissolution and completion of winding up. Filing this document notifies the Idaho Secretary of State that the partnership has concluded its legal existence and should be removed from active state records.
Legal Authority for Limited Partnership Termination in Idaho
- Applicable entity type
This form applies specifically to Idaho Limited Partnerships. It is not used for limited liability companies, corporations, or nonprofit organizations. Partnerships must use the correct form to ensure proper processing.
- Issuing authority and form version
The form is issued by the Idaho Secretary of State and is identified as Statement of Termination of Limited Partnership, Revised 01/2019. Using the current version of the form helps ensure compliance with state filing requirements.
- Manual processing and formatting requirement
The Statement of Termination must be typed for manual processing. Typed submission allows the Secretary of State’s office to accurately enter the filing into Idaho’s business records.
- Secretary of State use only section
The form includes a section designated for Secretary of State use only. This section is completed internally by the filing office and should not be filled out by the partnership or its representatives.
How to Complete the Statement of Termination of Limited Partnership
Item 1 Name of the Limited Partnership
The partnership must enter its exact legal name as it appears in the records of the Idaho Secretary of State. The name must match the Certificate of Limited Partnership on file to ensure correct identification.
Item 2 Date the Certificate of Limited Partnership Was Filed
This item requires the original filing date of the Certificate of Limited Partnership. Providing this date helps the Secretary of State identify the correct partnership record.
Item 3 Limited Liability Limited Partnership Status
The form requires the partnership to indicate whether it is a Limited Liability Limited Partnership (LLLP). This is typically done by selecting the appropriate checkbox on the form. This designation clarifies whether the partnership elected limited liability status during its existence.
Item 4 Statement Required by Idaho Code
A Statement of Termination is required when an Idaho limited partnership has:
- Dissolved, and
- Completed the winding up of its activities and affairs
This filing does not initiate dissolution. Instead, it confirms that dissolution and winding up have already occurred and formally records the termination with the state.
Item 5 Other Matters
The form provides space for other matters, if applicable. This section is optional and may be used to include additional information related to the termination, although it is not required for every filing.
How to Complete the Statement of Termination of Limited Partnership
Execution and Signature Requirements
The Statement of Termination must be executed by the appropriate parties. The form requires:
- Signatures of all general partners, or
- If no general partners remain, signatures of all remaining limited partners
Each signer must provide their signature and printed name. Execution of the form confirms that the information provided is accurate and authorized.
Important Notes When Filing a Statement of Termination in Idaho
- Termination follows dissolution and winding up
A Statement of Termination may only be filed after the limited partnership has dissolved and completed the winding up of its activities and affairs. The filing does not initiate dissolution but confirms that the process has already been completed.
- Accuracy of partnership information
The partnership name and the filing date of the Certificate of Limited Partnership must exactly match the records on file with the Idaho Secretary of State. Inaccurate information may delay processing or result in rejection.
- Limited liability limited partnership designation
If the partnership operated as a Limited Liability Limited Partnership (LLLP), this status must be accurately indicated on the form. This information helps clarify the partnership’s legal designation during its existence.
- Required statutory statement
The form includes a required statement confirming that the partnership has dissolved and completed winding up as required by Idaho law. This statement must be included for the termination filing to be accepted.
- Signature requirements
The Statement of Termination must be signed by all general partners. If no general partners remain, the form must be signed by all remaining limited partners. Each signer must also provide a printed name.
FastFile Limited Partnership Termination and Formation Services in Idaho
FastFile Support for Idaho Limited Partnership Termination Filings
- Preparation of the Statement of Termination form
FastFile assists limited partnerships with preparing the Statement of Termination by organizing required partnership information and completing each section of the form based on Idaho filing instructions.
- Review of partnership identification details
Support includes reviewing the legal name of the limited partnership and the filing date of the Certificate of Limited Partnership to help ensure consistency with Idaho Secretary of State records.
- Confirmation of statutory termination statements
FastFile helps ensure that the required statement confirming dissolution and completion of winding up is properly included in the filing, as required by Idaho law.
- Coordination of execution and signatures
FastFile assists in confirming that the Statement of Termination is signed by all required general partners, or by remaining limited partners when no general partners remain, and that printed names are included.
FastFile Experience With Idaho Limited Partnership Filing Requirements
FastFile works with Idaho limited partnership filings on a regular basis and follows current filing standards issued by the Idaho Secretary of State. This experience allows FastFile to assist partnerships with document preparation that aligns with state administrative requirements.
FastFile is familiar with termination filing requirements, including form structure, statutory statements, execution rules, and submission procedures. This familiarity helps reduce common filing issues such as missing signatures, incorrect partnership details, or incomplete forms.
FastFile Limited Partnership Termination and Formation Services in Idaho
FastFile Services for Opening and Closing Limited Partnerships
- Limited partnership formation filing support
FastFile assists with preparing and submitting documents required to form a limited partnership in Idaho, including organizing partnership details and completing state-required forms.
- Limited partnership termination filing support
For partnerships that have completed dissolution and winding up, FastFile provides assistance with preparing and submitting the Statement of Termination to formally record termination with the state.
- Support for state-required partnership documents
FastFile helps prepare various filings related to partnership status throughout the lifecycle of the entity, from formation through termination.
- Guidance on filing steps and submission process
FastFile provides guidance on submission methods, filing locations, and acknowledgement procedures to help partnerships understand what to expect after filing.
Get Assistance With Your Idaho Limited Partnership Statement of Termination
- For partnerships preparing to conclude operations
Limited partnerships that have dissolved and completed winding up can use FastFile’s support to prepare the required Statement of Termination.
- For partnerships seeking organized filing support
FastFile is suited for partnerships that want a clear process for preparing documents and confirming filing readiness before submission.
- For partnerships aiming to reduce filing delays
By assisting with document preparation and review, FastFile helps reduce issues related to missing information, incorrect details, or incomplete execution.
Professional filing support can help ensure that a Statement of Termination is prepared accurately and submitted properly to the Idaho Secretary of State. FastFile offers structured assistance for limited partnerships seeking dependable support with Idaho termination filings.
Conclusion
Filing a Statement of Termination is the final administrative step for formally ending a limited partnership in Idaho. The process requires confirmation that the partnership has dissolved, completed the winding up of its activities and affairs, and accurately documented this information on the state-required form.
FastFile supports limited partnerships by offering a clear and organized approach to termination filings. The filing process is structured into defined steps, allowing partnership information, statutory statements, and signature requirements to be reviewed carefully before submission.
This structured workflow helps reduce common filing issues such as missing information, incomplete execution, or incorrect partnership details. FastFile has developed a reputation for reliability through consistent handling of state filings and careful document preparation.
By working with official Idaho forms and following current filing standards, FastFile helps ensure that each termination filing meets administrative requirements. Attention to detail, clear communication, and consistent service quality contribute to dependable filing outcomes.
For limited partnerships seeking dependable assistance with their Idaho Statement of Termination, FastFile offers a service focused on accuracy, organized procedures, and professional support. This makes FastFile a practical choice for partnerships that want their termination filings handled with care from preparation through submission.