Product Info

A General partnership is a business registration with two or more people or corporations formed to carry on a business together. BC General Partnership is registered with BC OneStop according to and in compliance with the BC Partnership Act.

After the registration process you will receive a Statement of registration issues by the BC 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.

Other names:

  • General Partnership
  • Partnership company BC
  • BC Partnership

Checklist

Who can register:

  • Anyone can register a General Partnership which involves 2 or more partners.
  • Currently there is no citizenship or residency requirement for people who can register it.

What is required to register a BC General Partnership:

  • A name approval number from BC Registries for the General 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 British Columbia where the business is to be carried on.
  • Name and address of the Partners: This can be individuals or corporations, BC province address or another Canadian street address.

What you get

After registering the BC Standard Company, you will receive the following as pdf documents by email:

Articles Sample Docs
Certificate of Registration
Sample Document
Notice of Articles
Sample Document
Incorporation Agreement
Sample Document
Incorporation Application
Sample Document
Business Number
Sample Document
Minute Book (if included)
Sample Document
Share Certificate (if included)
Sample Document
Corporation seal (if included)
Sample Document
Transparency Register (if included)
Sample Document
CRA Program Accounts (Business Number, Corporate Tax ID, GST, Payroll, Export-Import)
Sample Document
PST Program Account
Sample Document
The Workers’ Compensation Board of BC (WorkSafeBC) registration (if included)
Sample Document
Annual Returns reminder (if included)
Sample Document

Timeline

Processing time: It is a manual process involving shipping documents to BC Registries. Estimated time is 2-3 weeks.

FAQs

Is General Partnership registration right for you?
  • It depends on the purpose of the registration and needs of the individuals involved.
  • It the best option for a business with individuals with equal participation in duties and decision making.
What are the advantages of registering a BC General Partnership ?
  • Simple and easy to share profits between partners.
  • 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.