There are new filing requirements in Indiana for limited partnerships (“LPs”) and limited liability partnerships (“LLPs”). Effective January 1, 2018, pursuant to I.C. 23-0.5-2-13, all domestic and registered foreign LPs and LLPs are required to file biennial reports with the Indiana Secretary of State.
For LPs and LLPs registered with the Secretary of State prior to January 1, 2018, the first report will be due in 2019 in the anniversary month of registration. The biennial report for LPs and LLPs that register after January 1, 2018, will be due every two years in the anniversary month of registration.
Thus, LPs and LLPs now have uniform reporting requirements consistent with corporations and limited liability companies, ensuring the Secretary of State has current entity information.
KDDK routinely assists clients in monitoring business reporting requirements and filing biennial reports. For assistance with your LP, LLP, corporation, or limited liability company needs, please contact attorney Shannon Frank at sfrank@KDDK.com or (812) 423-3183, or contact any member of the KDDK Business Law Team.
About the Author
Shannon S. Frank, a Partner at Kahn, Dees, Donovan & Kahn, LLP (KDDK), in Evansville, Indiana, has more than 25 years’ experience in the practice of business law, construction law, estate planning and probate administration, health care law, and real estate law. Shannon takes prides in giving exceptional service to her clients, recognizing that relationships with clients play a significant and essential role in providing tailored and comprehensive legal advice.