How to Dissolve a Limited Partnership in New York State
A limited partnership is a widely used form of business organization, usually indicated by the abbreviation LP in a business name. Partners in a limited partnership share profits from the business and also share limited liability in the event of a lawsuit, to the extent of their capital contribution. A limited partnership in New York is formed and dissolved by filing the appropriate form with the New York State Department of State.
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Instructions
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Visit the Limited Partnerships Filings page of the New York State Department of State website.
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Identify the appropriate form for dissolving your limited partnership. Use the Certificate of Cancellation to dissolve a domestic LP (one that was formed in New York) and the Certificate of Termination of Existence to dissolve a foreign LP (one that does business in New York but was formed elsewhere).
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Fill out the form with the name of the LP and the reason for cancellation. Print and sign the form; all partners should sign.
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Submit the form to the Department of State with the appropriate fee. The address and fee are provided in the form instructions.
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