Virginia Statement Of Partnership Authority (SPA) is a legal document that is required in the Commonwealth of Virginia to establish a partnership. This document outlines the individual rights and responsibilities of each partner in the partnership. It is used to set up the terms of the partnership, including the management structure, the liability of each partner, the sharing of profits and losses, and the division of assets and liabilities. There are two types of Virginia Statement Of Partnership Authority: Certificate of Limited Partnership (CLP) and Certificate of General Partnership (CAP). A CLP is used for business entities such as corporations, limited liability companies, and limited partnerships; a CAP is used for business entities such as general partnerships and sole proprietorship. Both types of SPA require the filing of the document with the State Corporation Commission in Virginia.
Virginia Statement Of Partnership Authority
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How to fill out Virginia Statement Of Partnership Authority?
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