Pennsylvania Voluntary Termination (Never Transacted Business) Domestic Limited Partnership is a type of limited partnerships that have not yet conducted business operations in Pennsylvania. This type of partnership is created when two or more individuals file a Certificate of Limited Partnership with the Department of State of Pennsylvania. The Certificate of Limited Partnership outlines the partnership’s name, purpose, address, and the capital contributions of the general and limited partners. Additionally, the Certificate of Limited Partnership designates a partner to act as the registered agent of the partnership. When a Pennsylvania Voluntary Termination (Never Transacted Business) Domestic Limited Partnership has never conducted business operations in the state, the general partners may voluntarily terminate the partnership. To do this, the general partners must file a Certificate of Cancellation with the Department of State of Pennsylvania. This certificate must include the name of the partnership, the addresses of the general and limited partners, an explanation of the termination, and the signature of at least one general partner. The types of Pennsylvania Voluntary Termination (Never Transacted Business) Domestic Limited Partnership include General Partnerships, Limited Liability Partnerships, and Limited Partnerships.
Pennsylvania Voluntary Termination (Never Transacted Business) Domestic Limited Partnership
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