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Virginia Partnership Agreement

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Virginia Partnership Agreement

Updated March 19, 2024

A Virginia partnership agreement is a legally binding document that breaks down the management structure of a partnership. It usually conveys dissolution, ownership interests, dispute resolution, liabilities, and duration. The agreement must be meticulous to curtail disagreements in the future.

Partnership Types

  • General Partnerships (GP)[1]
  • Limited Partnership (LP)[1]
  • Limited Liability Partnership (LLP)[1]
  • Limited Liability Limited Partnership (LLLP)[2]
  • Limited Liability Companies (LLC)[1]


  1. Title 50, Chapter 2.1 (§§ 73.1-73.78)
  2. § 50-73.78(2)