Form UPA-115 Statement of Dissociation From a Partnership - Virginia

What Is Form UPA-115?

This is a legal form that was released by the Virginia State Corporation Commission - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form UPA-115?
A: Form UPA-115 is the Statement of Dissociation From a Partnership in Virginia.

Q: What is the purpose of Form UPA-115?
A: The purpose of Form UPA-115 is to formally notify the state of Virginia that a partner has dissociated from a partnership.

Q: What is meant by 'dissociation' in the context of a partnership?
A: Dissociation refers to the process of a partner leaving or withdrawing from a partnership.

Q: Who needs to file Form UPA-115?
A: Partnerships in Virginia need to file Form UPA-115 when a partner dissociates from the partnership.

Q: Are there any fees associated with filing Form UPA-115?
A: Yes, there is a filing fee for Form UPA-115.

Q: What information is required to be included in Form UPA-115?
A: Form UPA-115 requires details such as the partnership name, partner's name, effective date of dissociation, and signatures of the remaining partners.

Q: Is there a deadline for filing Form UPA-115?
A: Yes, Form UPA-115 should be filed within a reasonable time after the partner's dissociation.

Q: What happens after filing Form UPA-115?
A: Once Form UPA-115 is filed and accepted, the state of Virginia will update its records to reflect the partner's dissociation from the partnership.