Deregistration of Limited Partnership?

The General Partner can choose to cease the business operations; or

Dissolution of Limited Partnership (LP).

The dissolution of LPs is similar to that for Partnerships:

A partnership will automatically be dissolved should any partner die or leave the firm. The partnership agreement may also provide for other instances in which the partnership is to be dissolved. This may include situations where any one of the partners becomes bankrupt or becomes of unsound mind.

There are, however, some differences which relate to limited partners. For example, limited partners are not entitled to dissolve the LP by notice. Also, an LP is not dissolved on the death, dissolution, bankruptcy or liquidation of a limited partner.

In the event of the dissolution of an LP, its affairs are to be wound up by the general partners unless there is a court order to the contrary.