Register General Partnership in Canada
Wishing to give your business entity wings in sync with your like-minded partners, as a General Partnership in Alberta and Ontario?
You can choose to kick start your venture, Ontario, and pool in talent, management skills and capital, without much impediments by undergoing Partnership Registration in Canada. A General Partnership allows you to share earnings, profits and associated debts and losses jointly. This option offers:
- Effortless incorporation without needing to committing yourself and your partners to lengthy set-up procedures, like creating complex documents and meeting adherences requirements;
- Allows economical establishment, wherein you do not have to invest much into incorporation formalities;
- Afford freedom from complicated reporting stipulations, thereby helping forgo statutory formal meeting requirements.
We can help you with the process of Partnership Registration, and assist you with each step, helping fulfill distinct step-by-step procedures that include:
Registering the business name for Partnership in Canada:
- Be certain that your General Partnership’s name, symbol, insignia and other credentials do not clash with an already registered entity; it could get you entangled in legal troubles,and slow down your progress;
- Ensure minimal time is spent familiarizing with relevant statutes regarding the registration and inclusion of the name of your business in the to Register General Partnership in Alberta, or Ontario;
- Compiling necessary documents required for registration of your dream venture;
- Undergoing Register General Partnership Registration Process; and
- Acquiring necessary licenses and trade permits
Pre-General partnership registration
Before, we commit to the procedure of finalizing your general partnership registration, we will prepare the necessary documentation:
- Frame, plan and finalize the General Partnership Agreement, defining:
- Investment contribution ratios of each partner;
- The obligations of each partner defined in a Partnership Agreement;
- Profit-sharing formula;
- Measures to be adopted to resolve disputes; and
- Devising policies for those intending to withdraw from business
- Frame, plan and finalize the General Partnership Agreement, defining:
Post-General partnership registration;
- Register for taxation like Business number, GST/HST account, Payroll account Setup, WCB, Import-Export account
- Ensuring that there is no name conflict with other existing firms, the name is distinct, available for registration:
- Carry out a deep search on the online business registry for an available business name for ensuring General Partnership Registration in Alberta or Ontario is seamless;
- Preparing the required documents to
Key Features of General Partnership
- Joint Ownership: Two or more individuals or entities co-own the business and share responsibilities.
- Shared Profits & Losses: Earnings and losses are divided among partners, typically based on a partnership agreement.
- Unlimited Liability: Each partner is personally liable for business debts and obligations—even those incurred by other partners.
- Simple Formation: Can be formed with a verbal agreement, though a written partnership agreement is strongly recommended.
Flexible Management: Partners can define roles and decision-making processes as they see fit.
- Shared Decision-Making:- Each partner has equal authority unless otherwise agreed and can be specifically defined by a partnership agreement.
- No need for annual meetings or board resolutions
- Less paperwork and regulatory burden
Steps to Register a General Partnership in Canada
- Click on Register a General Partnership button and select the Jurisdiction.
- Fill out all the information like Business name, Address and owner information
- Review and complete the payment. Our filing experts will complete the registration and email the documents.
Register a General Partnership in Alberta
To register an Alberta Partnership click on the button below
Register a General Partnership in Ontario
To register an Alberta Partnership click on the button below