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Partnerships

P Passed

P SB208

Virginia Uniform Partnership Act. Clarifies and simplifies provisions of the Virginia Uniform Partnership Act relating to filing annual reports and paying associated fees by registered limited liability partnerships. Partnerships will be required to file annual continuation reports beginning the July 1 after the calendar year during which they became registered. The bill contains an emergency clause and is effective retroactively to January 1, 2000, to relieve those partnerships that obtain registered limited liability status between January 1 and July 1, 2000, of the requirement that they file an annual report by July 1, 2000.

Patron - Colgan