INSTRUCTIONS: TENNESSEE GENERAL PARTNERSHIP (STATEMENT OF PARTNERSHIP AUTHORITY)
To form a general partnership in the state of Tennessee, you will need to file a statement of partnership authority. This form is processed by the Secretary of State and is available on the website of the government of Tennessee. This document is not mandatory for use. The Secretary of State will process a statement of partnership authority drafted by the business in question.
Tennessee General Partnership (Statement Of Partnership Authority) Step 1: Question one asks for the name of the general partnership.
Tennessee General Partnership (Statement Of Partnership Authority) Step 2: Question two asks for the street address of your chief executive office.
Tennessee General Partnership (Statement Of Partnership Authority) Step 3: Question three asks for the street address of one of your Tennessee offices, if applicable.
Tennessee General Partnership (Statement Of Partnership Authority) Step 4: Question four asks for the names of all partners who are authorized to execute instruments related to real property owned by the partnership.
Tennessee General Partnership (Statement Of Partnership Authority) Step 5: Question five should only be completed if you need to describe the authority or limitations thereof of some or all partners to perform other transactions on behalf of the partnership.
Tennessee General Partnership (Statement Of Partnership Authority) Step 6: Two partners must sign and print their name, as well as providing the date.
Tennessee General Partnership (Statement Of Partnership Authority) Step 7: A filing fee of $20 must be submitted along with this statement of partnership authority. This may be paid with a check, money order or bank draft.
Tennessee General Partnership (Statement Of Partnership Authority) Step 8: Unless dissolved earlier, the partnership will be cancelled five years after it takes effect or five years after the most recent amendment concerning it has been filed.
Tennessee General Partnership (Statement Of Partnership Authority) Step 9: At a later date, the statement may be amended or canceled by any person who signed it by submitting an amendment or cancellation. This statement should contain the name of the partnership, identify the statement earlier filed, and give a summary of the proposed amendment or cancellation. A standardized Amendment/Cancellation of Partnership Statement form is provided by the Secretary of State. A $20 filing fee will be assessed for processing this statement.
