ARTICLE
22 April 2022

The Double Meaning Of "Designated Office"

AM
Allen Matkins Leck Gamble Mallory & Natsis

Contributor

Allen Matkins, founded in 1977, is a California-based law firm with more than 200 attorneys in four major metropolitan areas of California: Los Angeles, Orange County, San Diego, and San Francisco. The firm's areas of focus include real estate, construction, land use, environmental and natural resources, corporate and securities, real estate and commercial finance, bankruptcy, restructurings and creditors' rights, joint ventures, and tax; labor and employment, and trials, litigation, risk management, and alternative dispute resolution in all of these areas. For more information about Allen Matkins please visit www.allenmatkins.com.
The concept of a "designated office" is important to both domestic and foreign limited partnerships under California's Uniform Limited Partnership Act of 2008.
United States California Corporate/Commercial Law
Allen Matkins Leck Gamble Mallory & Natsis are most popular:
  • within Corporate/Commercial Law, Real Estate and Construction and Employment and HR topic(s)
  • in United Kingdom
  • with readers working within the Retail & Leisure industries

The concept of a "designated office" is important to both domestic and foreign limited partnerships under California's Uniform Limited Partnership Act of 2008.  In order to form a limited partnership under the act, the certificate of limited partnership must specify the street address of the limited partnership's initial designated office.  Cal. Corp. Code § 15902.01(a)(2).  If the mailing address is different, the certificate must also provide that address.  Cal. Corp. Code § 15902.01(a)(5).  In order to register a foreign limited partnership to transact intrastate business, the application must similarly specify the partnership's designated office.  Cal. Corp. Code § 15909.02(a)(3).

This leads, of course, to the question of what makes an office a "designated office"?  It so happens that the answer is not the same for domestic and foreign limited partnerships.  In the case of domestic limited partnership, the designated office is the office that it is required to designate and maintain pursuant to Section 15901.14.  Cal. Corp. Code § 15909.02(e).  That statute requires the limitation to designate and maintain in California an office, which need not be a place of its activity in California.  In the case of foreign limited partnership, the principal office is the principal executive office of the foreign limited partnership is located, whether in California or somewhere else.  Cal. Corp. Code § 15901.02(aa).

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

[View Source]

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More