A General partnership is a business registration with two or more people or corporations formed to carry on a business together. Ontario General Partnership is registered with Service Ontario according to and in compliance with the Ontario Partnership Act.
After the registration process you will receive a Statement of registration issues by the Ontario Registries which will be sufficient to acquire City/Municipality permits & licenses, setup a bank account and to operate the business.
A Partnership can generally conduct most types of businesses as well as the actions necessary to conduct the business, like entering into contracts and setting up a bank account to receive cheques and other types of payments & transactions necessary for running a business.
It is the right choice if there are more than one owners operating a business sharing the profits and risks of the business.
- General Partnership
- Partnership company Ontario
- Ontario Partnership