Ontario Limited Partnership Registration Effective Date of the Partnership A Limited Partnership is formed in Ontario according to the statutes of the Ontario Limited Partnership Act. A limited partnership is a partnership governed by statute and any governing documents agreed to between the parties (e.g. limited partnership agreement). The effective day of partnership is the […]
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RSS feed for this sectionWhat is an Ontario Limited Partnership
What is an Ontario LP? An Ontario limited partnership is a partnership governed by statute and any governing documents agreed to between the parties (e.g. limited partnership agreement). The Ontario Limited Partnerships Act. Section 3(1) states that an Ontario limited partnership must consist of at least one person who is a GENERAL partner and one […]
What is an Ontario Limited Partnership
What is an Ontario LP? An Ontario limited partnership is a partnership governed by statute and any governing documents agreed to between the parties (e.g. limited partnership agreement). The Ontario Limited Partnerships Act. Section 3(1) states that an Ontario limited partnership must consist of at least one person who is a GENERAL partner and one […]
How to Expand your Business to Canada
Expansion Methods There are numerous methods available to foreign businesses looking to expand into Canada. Before committing to any one method, it is important to discuss the ramifications with both legal and tax counsel. As opportunities and obligations evolve, the foreign entity can be adapted from one form to another to meet changing business needs. […]
Understanding the Different Forms of Business in Ontario
Ontario Sole Proprietorship A sole proprietorship refers to an individual who operates a business and is generally the simplest way to set up business. The sole proprietor is subject to unlimited liability – this means that the sole proprietor is fully responsible for all debts and obligations related to his or her business. A creditor […]
Maintaining a Minute Book for a Company
After the initial “organization of the company” there may be circumstances where there may have to be changed to the structure. Some of the circumstances where changes may occur are: A new by-law may need to be enacted such as a by-law to vary the borrowing rights of the company New investors may be needed […]
4 Easy Steps to Incorporate a new company in British Columbia
Companies are incorporated in B.C. according to the provisions of the Business Corporations Act. When a company is incorporated, it acquires all of the powers of an individual, as well as an independent existence – separate and distinct from its shareholders – and an unlimited life expectancy. In other words, the act of incorporation gives […]
Important features of the British Columbia Business Corporation Act
Business Corporations are incorporated in British Columbia, according to the provisions of the British Columbia Business Corporation Act with the British Columbia Registries Office. To incorporate a company in B.C., one or more persons (called “the incorporators”) may form a company by completing the following steps: 1) reserve the company’s name with the Corporate Registry; […]
Incorporation under The New Brunswick Business Corporations Act
A name search is required in New Brunswick, other than for the incorporation of a numbered-name company. The Director of the NBBCA can refuse to register a corporate name, even if the name search does not indicate the existence of an identical match. The fee for filing articles of incorporates in New Brunswick is $262 […]
Incorporation under the Nova Scotia Business Companies Act
Unlike the other Canadian provinces, the Companies Act (Nova Scotia) is based on English law. As a result, there are some significant differences from the other provinces and Nova Scotia in corporate documentation and terminology, but far fewer differences in legal effect. A name search is required prior to incorporation as well as approval from […]
