An Ontario limited partnership allows you to bring on investors without ceding control of your business. The general partner(s) deal with day to day operations and do not need to consult the partners for most business decisions. That being said, you will need to hold annual meetings and create a detailed partnership agreement. An Ontario […]
Archive | Ontario Limited Partnerships
RSS feed for this sectionAbout The Partnership Agreement in an Ontario Limited Partnerships
When forming a new Ontario Limited Partnership, it is recommended that a partnership agreement, which is private between the partners, is entered into in order to set out the business activities of the Ontario Limited Partnership, the role and responsibilities of the partners and the manner by which partnership profits are drawn / losses allocated. […]
About General Partners in an Ontario Limited Partnerships
In an Ontario Limited Partnership, “Ontario LP” The General Partner manages the affairs of the LP and will be liable for any debts of the LP. The General Partner will represent the LP in dealings with third parties. Natural persons, corporate entities and Trustees of Trusts may serve as General Partner. Where the General Partner […]
Formation of a Limited Partnership in Canada
Each Canadian provinces has its own distinct legislation governing the formation of limited partnerships. We are able to assist clients with the formation of Limited Partnerships in all relevant Canadian provinces, including in Ontario, one of the most popular jurisdictions for the registration of limited partnerships in Canada. Under the applicable legislation in each province, […]
Limited Partnership Registration in Ontario
Limited Partnership Registration in Ontario. Ontario LP. Canada has an image in the eyes of entrepreneurs and government bodies as a country with a standard system of taxation. Due to this, any structure established on Canadian territory is considered a highly prestigious vehicle. Canadian legislation does offer the opportunity of registering and using Canadian enterprises […]
