Under Canadian principles, a partnership is a relation that subsists between persons carrying on a business in common with a view to profit. As discussed below, the requirements for a business which is carried on in common with a view to profit are considered the three key requirements for a partnership to exist under Canadian […]
Tag Archives | Canada Limited partnerships
Formation of limited partnerships in Alberta
Subject to subsection (2) of the Alberta Partnership Act, a limited partnership is formed when a certificate substantially complying with subsection (3) is filed with and recorded by the Registrar. A certificate shall be signed by all the persons desiring to form a limited partnership and shall state (a) the firm name under which the […]
About Canadian Limited Partnerships
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 […]
What Is the Difference Between an Incorporated Entity and a Limited Partnership?
An incorporated entity, such as a corporation, and a limited partnership are two business structures an individual can operate his business as. There are differences between the two structures, including how they are managed and taxed and how they protect owners from liability. A corporation requires more paperwork filings to open than a limited partnership. […]
