Starting A West Virginia Limited Partnership
WV Limited Partnership
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Foreign Limited Partnership
Click here to read
HB
3108 passed by the 2003 Legislature
which changed some of the Corporate Laws.
Steps to Start a WV
Limited Partnership
Click on the number if you need more information
about that step before you complete your new company's Statement
of Registration. If you are ready to file, go straight to Step
4. Before you start be sure you've checked the name
you want to use.
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General Partners: Identify
all general partners and obtain their business addresses. |
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Agent of Process: Determine who will serve
in West Virginia as the agent
for service of process for the company. |
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West Virginia Office:
Determine the location of the office within the state
where records of the limited partnership will be maintained. |
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Filing: Complete
your certificate of limited partnership and file with the Secretary
of State. |
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Next Steps: Complete
other state, county and municipal filing requirements before
you start business. |
| 1 |
General Partners
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Obtain the names of all general partners along with
their business addresses. This information must be
listed on the certificate of limited partnership for every
general partner. Limited partners need not be listed.
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| 2 |
Agent of Process
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Determine who will serve as the agent
for service of process -- the person who
will receive certified mail on behalf of the corporation in case of a legal action.
The agent may be an individual or a company, and is not
required to be in West Virginia.
The agent must be someone you trust to notify you immediately should a
legal action be filed against the corporation. Do not
name a person or company which has not consented to act in
that capacity.
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| 3 |
West
Virginia Office
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A West Virginia limited
partnership must maintain an office in the state. That
office is not required to be a place of business.
Specific records of the limited partnership must be
maintained there and available for inspection by any limited
partner during business hours.
- Specific records of the limited partnership must be
maintained at the West Virginia office and available for
inspection by any limited partner during business
hours. The list of records is specified in West
Virginia Code §47-9-5, and they include such items as a
copy of the certificate of limited partnership and a list of
all general partners and limited partners.
- Be sure to file an address change if the company changes
this office, so
you will be certain to receive all important correspondence.
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| 4 |
Filing
the Certificate of Limited Partnership
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When you are ready to prepare the filing, click the
icon to
download the form using Acrobat Reader and fill it out on
screen. If you have not used the Reader before, see Acrobat
Reader Help.
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You may file using the standard form or prepare your
certificate of limited partnership in a
standard document, but all required information must be included for the
certificate to be acceptable for filing.
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Two originals with the original signatures of all
general partners
must be filed. If the online form is used, print
two copies after the information is entered for
signature by the partners.
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The fee for filing is $100, plus the prorated share of
the annual attorney-in-fact fee ($25) maximum. See
the application instructions on the form.
- Submit your filing to the Business Organization's
Division with your check payable to the Secretary of
State. See Ordering
& Payment for more information.
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| 5 |
Next
Steps
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After you receive your Certificate of Limited
Partnership,
there are a few more steps before you start business.
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File the stamped original copy of the original filing returned
with your Certificate of Limited Partnership with the Clerk
of the County Commission of the county where your
principal office is located.
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Complete the Business
Registration Application for filing with the
Department of Tax and Revenue.
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This form is a combined form which will allow you to
obtain your business franchise certificate and complete
initial registration to comply with unemployment and
worker's compensation requirements.
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On the first page of the application, the control number
entered on the top right corner of the stamped copy of
your original certificate of registration must be entered. This
number is used by the Tax Department to confirm the
company is registered as a limited partnership.
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Determine whether any other state licenses are required
for the type of business you do. Some of the most
common licenses and permit requirements are listed for
your convenience with links or contact information for
the agencies which issue those licenses or permits.
Go to: Professional & Occupational Licenses or
Other Licenses and Permits. You may need to
make inquiries to find other licenses.
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Licenses or registrations to do business may be required
at the county or city level, especially in counties
where your company has an office or plant location,
provides services to customers on-site or conducts
direct sales. Contact the County
Commission for county requirements, and the City
Clerk for municipal requirements.
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