A Certificate of Cancellation of a Virginia Limited Partnership is a document created to formally terminate a Virginia Limited Partnership (LP). It is submitted to the Virginia State Corporation Commission (SCC) and is required to dissolve an LP in the state of Virginia. There are two types of Certificate of Cancellation of a Virginia Limited Partnership: a Voluntary Certificate of Cancellation and an Administrative Certificate of Cancellation. A Voluntary Certificate of Cancellation is used when the LP's general partners agree to dissolve the LP. This type of Certificate is signed by all general partners and filed with the SCC. An Administrative Certificate of Cancellation is issued by the SCC when the LP has failed to file tax returns or other documents required by law. It is important to note that an Administrative Certificate of Cancellation does not absolve the LP of any liabilities or obligations that it may have. In both cases, the Certificate of Cancellation of a Virginia Limited Partnership must include the name of the LP, the date of the dissolution, the address of the SCC, and the signatures of all general partners. Once the Certificate is filed with the SCC, the LP is officially dissolved and the general partners are free to move on to other business endeavors.
Certificate of Cancellation of a Virginia Limited Partnership
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How to fill out Certificate Of Cancellation Of A Virginia Limited Partnership?
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Articles of Dissolution, known in Virginia as Articles of Cancellation, are the forms that you file to voluntarily dissolve your LLC. Once this document has been filed and processed, your LLC will no longer legally exist. Virginia requires business owners to submit their Articles of Cancellation by mail or online.
A limited partnership agreement helps protect your business into the future by outlining each partner's roles and responsibilities, as well as how they share in the business profits. You should use a limited partnership agreement if you want to form a limited partnership or formalize an existing limited partnership.
Visit to file articles of dissolution and/or termination of a Virginia Stock Corporation in real time. Questions? P.O. Box 1197 Richmond, VA 23219 Richmond, VA 23218-1197 Pay online with a credit card or eCheck. No additional processing fees apply for filing online.
Limited partnerships are a form of partnership involving general partners, who are liable for all the debts and liabilities of the partnership, and limited partners, who are liable to the extent of their capital contribution to the partnership.
A limited partnership (LP) exists when two or more partners go into business together, but the limited partners are only liable up to the amount of their investment. An LP is defined as having limited partners and a general partner, which has unlimited liability.
Some states only require that the certificate contains the name of the limited partnership, the name and address of the registered agent and registered office, and the names and addresses of all of the general partners.
An LP must have two or more owners. At least one must be a general partner who has unlimited, personal liability, and one must be a limited partner who has limited liability but is prohibited from participating in business management.
Visit to file the statement of dissolution for a partnership in real time.