Canada Partnership Registration
The two most common types of partnerships in Canada are the general partnership and the limited partnership.
Register a General Partnership
Register a Limited Partnership
General Partnerships
A general partnership is a group of persons, called “partners,” who, in a spirit of cooperation, agree to carry on a common activity. The partners of a general partnership operate an enterprise, contribute to it by sharing property, knowledge or activities and share any resulting pecuniary profits or losses.
Such a partnership is created through a partnership agreement and must be designated by a single name for all the partners, who are solidarily liable for the enterprise’s obligations and certain of its debts, independently of the respective shares of each partner in the partnership.
A general partnership may consist, for example, of professional offices (lawyers, notaries, dentists, etc.).
A general partnership has a head office (principal establishment) and its own name. It may sue and be sued in a civil action.
Limited Partnerships
A limited partnership is a partnership consisting of one or more general partners and one or more limited partners. It is created through a partnership agreement and must be designated by a single name for all the partners.
General partners contribute, above all, their work, experience and expertise. They are the sole persons authorized to administer and represent the partnership. They are solidarily liable for the partnership’s debts.
Limited partners must furnish a contribution to the common stock of the partnership. They supply money or property to the partnership and their liability with regard to the debts of the partnership is up to the amount of their contribution to the latter.
A limited partnership has a head office (principal establishment) and its own name. It may sue and be sued in a civil action.
Ecompanies Canada offers fast & easy Canada online partnership registration services anywhere in Canada. At e-Companies.ca we help you step-by-step and take care of the entire partnership registration process from start to finish. Registering a new partnership with us is fast, easy and takes just minutes.