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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