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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 755 |
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The certificate can be cancelled only after all debts, liabilities and obligations have been satisfied and all of the property and assets of the LPC have been distributed to the partners. There are no requirements to file or assume a fictitious name solely for the transaction of business. (Virginia General, n...
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(Virginia General, n.d.)
The partnership agreement is allowed to give voting rights on any matter to the limited partners. A limited partner is not liable for the obligations of a limited partnership unless he/she: is also a general partner, participates in the control of the business, knowingly lets his/her name to be used in the name of the limited partnership...
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