An Ontario limited partnership is a partnership governed by statute and any governing documents agreed to between the parties (limited partnership agreement).
The Ontario Limited Partnerships Act states that a limited partnership must consist of at least one person who is a GENERAL partner and one person who is a LIMITED partner. And there can be more than one of each.
A general partner is essentially like a partner in a general partnership. They have all the rights and powers to manage and bind the limited partnership. Importantly, their liability is UNLIMITED. On the other hand, the Limited Partner is like a silent partner. They don’t get involved in controlling the business of the partnership and their liability is generally LIMITED to the value of money and other property which they contributed or agreed to contribute to the limited partnership.
e-Companies Canada offer fast & easy Ontario limited partnership registration service. At e-Companies.ca we help you step-by-step and take care of the entire Limited Partnership registration process in Ontario from start to finish. Registering a new limited partnership with us is fast, easy and takes just minutes.
Our Ontario Limited Partnership Registration service includes:
Ontario Limited Partnership Name Search Report confirming the availability and uniqueness of the proposed Ontario Limited Liability Partnership name.
Ontario Limited Partnership Government Registration Fees.
Ontario Registered Office Address for 1 Year
Declaration Form 3 confirming registration of the Limited Partnership.
Organizational Resolutions of the General Partners.
Resolution Admitting of Limited Partner.
Ontario Limited Partnership Agreement.
Ontario Limited Partnership Register of General Partners.
Ontario Limited Partnership Register of Limited Partners.
Courier Delivery.
No comments yet.