Limited Liability Partnership (LLP)

Limited Liability Partnership (LLP) Registration: Option to Include Partnership Agreement

Features of a Limited Liability Partnership registration

If you need a business registration with the following features then this is the right model for you:

✔ For 2 or more individuals or companies doing business together.	✔ No Residency Requirements for Partners.
✔ Simpler structure than a corporation for a business startup.	✔ Less expensive account maintenance and year end tax reporting for partners.
✔ Limited liability protection for its partners.	✔ Possibility of not liable for Canadian taxation.

Is this an Extra-Provincial LLP?
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1Product Info
2Checklist
3Add-On
4Timeline
5FAQs

Product Info

A limited liability partnership is a form of partnership registered with Ontario Registries and formed 2 or more partners. This form of business can be registered by professionals (lawyers, engineers, accountants). Other names:

LLP
Ontario LLP

Checklist

Who can Register:

Anyone can register a limited liability Partnership. There must be a minimum of 2 partners .
Currently there is no citizenship or residency requirement for people who can register it.

What is required to register an Ontario limited liability Partnership:

An Ontario NUANS report for the limited liability Partnership.
A partnership agreement signed by partners. (Don’t have one? You can include in the package)
A physical address or street address in the Province of Ontario where the business is to be carried on.
Name and address of the Partners: This can be individuals or corporations, Ontario province address or another Canadian street address.

What you get

After registering the Limited Liability Partnership (LLP), you will receive the following as pdf documents by email:

Articles	Sample Docs
Statement of registration	Sample Document
Business Number	Sample Document
Business seal (if included)	Sample Document
CRA Accounts: GST/HST, Payroll, Import-export (if included)	Sample Document
The Workplace Safety and Insurance Board (WSIB) registration (if included)	Sample Document

Timeline

we have 3 processing queues:

Regular Queue: Limited Liability Partnership can be ready in 10 business days.
Express Queue: Limited Liability Partnership can be ready 5 business days.
Super-Express Queue: Limited Liability Partnership can be ready 2 Business Days.

FAQs

Is Limited Liability Partnership registration right for you?

It depends on the purpose of the registration and needs of the individuals involved.
It is the best option for a business with 2 or more individuals or companies which requires limited liability structure. This form of business is more suited for professionals but can also be registered by non-professionals.

What are the advantages of registering an Ontario Limited liability Partnership?

Simple and easy to share profits between partners particularly if one of the partner is a foreigner..
Easy to setup and start, least expensive to operate.
Easy tax filing process.

Can I enter into job contracts, sub-contracts and open a business bank account with this registration?

Yes.

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