General Partnership Registration

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Business Address Details

Business Address

Street Address

Address Line 2

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ZIP / Postal Code

Country

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Summary

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Register a General Partnership Online

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Service Fees

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Newfoundland: Choose Service Speed

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To register or renew a sole proprietorship in BC, a name pre-approval from the BC government is required. If you already have obtained it within the last 90 days, registration can be done as fast as in 2 business hours. Otherwise, we can submit name approval either in the priority queue or regular queue. These options and timeline will be shown in the next page.

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Business Name

New registration or renewal?

Upload the existing documents

NUANS Report & Name Approval

Upload NUANS/Name Approval

If you can't upload now, you may proceed with the order and send later via email.

Proposed name of this business

Name of this business

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First Partner Details

First Partner Details

First Name

Middle Name (if any)

Last Name

Phone Number

Complete Address

Same as business address

Street Address

Suite/Unit (optional)

City

Postal Code

Province

Second Partner Details

First Name

Middle Name (if any)

Last Name

Phone Number

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Complete Address

Same as business address

Street Address

Suite/Unit (optional)

City

Postal Code

Province

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Third Partner Details

Third Partner Details

First Name

Middle Name (if any)

Last Name

Phone Number

Complete Address

Same as business address

Street Address

Suite/Unit (optional)

City

Postal Code

Province

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CRA Accounts Registration

CRA Business Number

GST/HST Account Set up

Payroll Account

Import Export Account

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WSIB Registration

WSIB Registration

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Business Support Services

Partnership agreement preparation

Do you want Seal for your business name?

Domain Name Reservation

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Fourth Partner Details

Fourth Partner Details

First Name

Middle Name (if any)

Last Name

Phone Number

Complete Address

Same as business address

Street Address

Suite/Unit (optional)

City

Postal Code

Province

Do you want to add more partner?

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Fifth Partner Details

Fifth Partner Details

First Name

Middle Name (if any)

Last Name

Phone Number

Complete Address

Same as business address

Street Address

Suite/Unit (optional)

City

Postal Code

Province

Note: more than 5 partners (maximum 10 partners), need a customized order. You may place this order with 5 partners now and then give us a call or send an email.

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First Name

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Street address

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Shipping & Handling

HST 15%

TAX 15%

GST+PST 12%

GST 5%

HST 13%

GST + PST 11%

GST + QST 14.975%

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General Partnership is a business structure where two or more individuals, or entities, come together to operate a business.

Here are key aspects of a General Partnership:

Shared Management and Responsibility: In a general partnership, partners typically share the responsibility of managing the business. Decisions are often made collectively, and each partner has a say in the business operations.

Joint Liability: One of the most notable features of a general partnership is that partners are jointly liable for the debts and obligations of the business. This means that each partner can be held responsible for the actions of the other partners, and personal assets may be at risk if the business incurs debt or legal issues.

Ease of Formation: Setting up a general partnership is generally simpler and less costly than forming a corporation. It doesn’t require formal incorporation, but it is advisable to have a written partnership agreement outlining the terms of the partnership.

Profit Sharing: Profits (and losses) in a general partnership are typically shared among the partners according to the terms set out in the partnership agreement. This distribution is often based on each partner’s contribution to the business.

Taxation: In a general partnership, the business itself does not pay income taxes. Instead, profits and losses are passed through to the partners, who report them on their personal tax returns. This setup avoids the issue of double taxation that can occur in corporations.

Flexibility: General partnerships offer flexibility in management and operations, as partners can arrange their business relationship in a way that suits their goals and working styles.

So why wait? Start your business journey today with Business Ontario Corporates Services.