An Ontario Limited Partnership is comprised of one or more General Partners who are responsible for the day-to-day operations, and one or more Limited Partners who contribute capital with limited liability. This versatile business structure facilitates a distinct separation of duties and liabilities between partners.
- Name Search confirming uniqueness of the name
- Government Fee
- Declaration of an Ontario Limited Partnership
- Declaration Information of an Ontario Limited Partnership
- Organizational Resolutions of the General Partners
- Resolution Admitting of Limited Partner
- Partnership Agreement
- Register of General Partners
- Register of Limited Partners
- All documents emailed in PDF format
Ontario Limited Partnership
$460*
Registered in 2 business hours
Entrepreneurs who wish to benefit from liability protection, tax advantages and flexibility in management structures often find it strategic to set up a Limited Partnership in Ontario. The advantages of registering an Ontario Limited Partnership include:
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Limited Liability: Limited partners can invest without becoming personally liable for partnership debts or liabilities beyond their initial investment.
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Flexible Management: General partners retain decision-making authority and control over operations while allowing limited partners to contribute financially without direct involvement in daily operations.
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Tax Advantages: Partnerships are subject to a pass-through taxation model, eliminating direct taxation and allowing gains and losses to flow through to each partner's individual tax return.
In conclusion, an Ontario Limited Partnership provides entrepreneurs with a professional business structure that allows them to minimize risks, optimize tax efficiency and tailor management responsibilities to suit their business objectives. Our company can register your Ontario Limited Partnership within two business hours.