A Canadian LP will be formed through filing a declaration with the Registrar and based on the requirements of the province of Ontario, the following is an outline of the information to be disclosed (other provinces may have additional disclosure requirements):
- Name and address of the LP;
- Name and address of General Partner and General Partner’s signature;
- Statement of business of the LP (which may be as limited as ‘holding portfolio investments’);
- The LP will require a registered office address in its province of registration.
Subject to Registrar approval, the Canadian LP will be formed effectively from the date of filing the declaration which will expire after five years unless it is replaced by an updated declaration, or a declaration of dissolution is filed before that date. A privately limited partnership agreement should also be prepared to govern the relationship between the partners. Although there are no formal minimum capital requirements, the sum of CAD$1,000 is usually contributed initially.
Company Formations offers Ontario Limited Partnership Registration to Canadian residents and non-Canadian residents. Our Canada Limited Partnership registration service for Only $2200 (all inclusive) Includes:
- Name Search confirming the uniqueness of the name
- Government registration fee
- Registered office address for one year
- Declaration Form 3 confirming registration of the Limited Partnership
- Organizational Resolutions of the General Partners
- Resolution Admitting of Limited Partner
- Partnership Agreement
- Register of General Partners
- Register of Limited Partners
Register Today your New Limited Partnership in Ontario. Fast, Easy, Online
