Name: Register a Limited Partnership
SKU: 52243
Availability: InStock

Step 1 of 12 - Fees

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

✔ Register a business with 2 or more partners.	✔ One or more partners don't participate in business operation or only invest money.
✔ Simpler structure than a corporation for a business startup.	✔ Less expensive account maintance and year end tax reporting for partners.
✔ Targeting local customers.	✔ Partners have unequal contribution and involvement.

BRC Service Fee
- $149
Government Fee
- $199

Why You Choose Us?
✔ We are a member of Corporations Canada
✔ Experienced team (see reviews)
✔ We are backed by professional Team
✔ Order reviewed by specialists
✔ Phone and live chat support

Naming the Company
1.1. Have you obtained a name approval?
1.2. Select name approval service queue
1.1. a) Upload Name Approval Document
Accepted file types: jpg, gif, png, pdf, doc, docx.
Note: Your document should look like thisSample. If you can't upload now, you can send by email too.
1.3. Enter your 1st Name Choice:
1.4. Enter your 2nd Name Choice
1.5. Enter your 3rd Name Choice
1.6. Business Activities
BC Name Rules:
Name must be unique, should not be similar to other businesses. Name must have the following components:
1. A unique or distinctive word such as made-up word or a person's name.
2. Second part of the name describes the service your business is offering.
Examples of acceptable name ideas are: ABCXYZ Home Renovation, Sarah's Mexican Restaurant, North Vancouver home renovations Learn More.

Help
How long will it take?
Name Approval can be completed in 1 Business Day or 10 Business Days based on Queue selected.
Registration process can be completed in about 7 to 15 Business Days. This is the timeline of B.C. Registry.
BC Name Rules
Name must be unique, should not be similar to other businesses. Name must have the following components:
1. A unique or distinctive word such as made-up word or a person's name.
2. Second part of the name describes the service your business is offering.
Examples of acceptable name ideas are: ABCXYZ Home Renovation, Sarah's Mexican Restaurant, North Vancouver home renovations Learn More.
How name approval works?
When you pay us to obtain the name approval on be half of you, we first do pre-search with BC system. If the name gets conflict or high chance of being rejected, we will advise you to submit new names. That would be free of cost. However, once a name is submitted to the Government, a re-submission of new name will cost again fees for name approval.
What documents I will get?
You will receive final business registration certificates (that has business registration number) in email by the service speed you chose. Afterwards, other services such as GST/HST account, CRA business number etc. will be emailed.

Partnership Details
2.1. General Partner
Company/Corporation's name
Corporation number
First Name
Middle Name (Optional)
Last Name
Email Address
Phone Number
Business Address
Street Address City Province Postal Code

2.2. Limited Partner
Company/Corporation's name
Corporation number
First Name
Middle Name (Optional)
Last Name
Email Address
Phone Number
Business Address
Street Address City Province Postal Code

Help
Who can register a partnership?
A partnership is a legal entity formed when two or more people or companies intend to carry on a business together.

Partners
2.3 Do you want to add more partners?
First Partner
Full Name
Is this partner
Complete Address
Same as business address

Street Address Suite/Unit (optional) City Province Postal Code
2.4. Do you want to add more partner?
Second Partner
Full Name
Is this partner
Complete Address
Same as business address

Street Address Suite/Unit (optional) City Province Postal Code
2.5. Do you want to add more partner?
Third partner
Full Name
Is this partner
Complete Address
Same as business address

Street Address Suite/Unit (optional) City Province Postal Code
Note: If you want to add more than 4 partners, please proceed with these 4 partners and place order. Then give us a call and we can manually add additional partners.

Help
Who can register a partnership?
There must be a minimum of one general partner and a limited partner.

Additional information (required)
Term of limited partnership
Aggregate amount of cash
Limited partner share of profits or other compensation

CRA Program Accounts
For Tax filing, HST, Payroll & other tasks, your business must obtain a Business Number from CRA. We can set up CRA Business number for you.
3.1. CRA Business Number
If you make sales and generate revenue, for applicable amount, you are required to collect GST/HST from customers, otherwise you could be held liable by CRA
3.2. GST/HST Account Set up
3.3. Payroll Account Set up
For your province, PST account is also required to collect PST during sales and also required for annual taxation filing.
3.4. PST Account Set up
3.5. Import Export Account Set up

Help
What is business number?
Every business in Canada must have a business number from CRA. This is the identification of your corporation with Canada Revenue Agency.
What is GST/HST account?
It's the initial set up for a GST account with CRA. Customer's invoice or receipt must show the GST number. In applicable amount, unable to collect GST may cause to CRA penalty.
What is payroll account?
Payroll account applicable when you have any other employee rather than yourself. Please note, this is not payroll service, but the initial set up of payroll account with CRA.
Do I need PST account?
The PST is a retail sales tax that is payable when a taxable good, software or service is acquired for personal use or business use, unless a specific exemption applies. Businesses located in BC must charge their customers a PST unless the business is exempted.

Other Registrations
If your business plan to have employees now or in future, it MUST register with WorkSafeBC (WSBC). We register and give you the account number and hook you with WorkSafeBC (WSBC) authority.
4.1. WSBC: WorkSafe BC Registration

Help
Do I need import export account?
If your business involves in importing or exporting physical goods, it is required. The government uses this account to process customs.

Service Support
As a newly registered business, you may need service support for first year. This support service includes legal, accounting and registration update services. It is a $499 valued service, offered at $199 with package. Our team also can register the domain name (www.yourbusiness.ca) and professional company email such as info@yourbusiness.ca.
5.1. One year service support
5.2. Domain name and business email
5.3. Choose Domain Duration
5.4. Choose Domain & Email Duration
5.5. Partnership agreement preparation

Help
What does service support include?
It includes legal, accounting and registration update services. Every new registration business receives notices from CRA, federal & provincial government, competitor business etc. As a small business, if you do not have your own lawyer and accountant, then our lawyer, accountant and registration specialist here for you. It's a $399 dollar service, but only $99 with package.
What is domain name registration?
We are an agent of global domain registration. After your business name gets approved, our team can register the domain name (www.yourbusiness.ca) and professional business email such as info@yourbusiness.ca.

Supplies & Shipping
6.1. Do you want a business seal?
6.3. Shipping address for supplies
Same as corporation's address

Street Address Suite/Unit City State / Province / Region ZIP / Postal Code Country

Help
What is business seal?
Seal is a protection against fraudulent activity. It has legal value (by default defends) in case anybody create false docs or make false loan in your company name. It's highly recommended if your company has frequent transactions or provide receipt, invoices. It's also needed if you go for loan, mortgage, employment contract, service contract or any sub-contract.

Price Summary
BRC Service Fee
Price: $ 149.00 CAD
Government Fee
Price: $ 199.00 CAD
The Following Services Are Selected
Name Approval service Queue
Price: $ 39.00 CAD
CRA Business Number set up
Price: $ 0.00 CAD
GST Account set up
Price: $ 0.00 CAD
Payroll Account set up
Price: $ 0.00 CAD
PST Account set up
Price: $ 0.00 CAD
Import Export Account
Price: $ 0.00 CAD
WSBC: WorkSafe BC Registration
Price: $ 0.00 CAD
One Year Service Support
Price: $ 0.00 CAD
Domain Name
Price: $ 0.00 CAD
Domain & Company Email
Price: $ 0.00 CAD
Partnership agreement preparation
Price: $ 0.00 CAD
Business Seal
Price: $ 0.00 CAD
The Following Services Are NOT Selected
CRA Business Number set up
Price: $ 0.00 CAD
GST Account set up
Price: $ 0.00 CAD
Payroll Account set up
Price: $ 0.00 CAD
PST Account set up
Price: $ 0.00 CAD
Import Export Account
Price: $ 0.00 CAD
WSBC: WorkSafe BC Registration
Price: $ 0.00 CAD
One Year Service Support
Price: $ 0.00 CAD
Domain & Company Email
Price: $ 0.00 CAD
Partnership agreement preparation
Price: $ 0.00 CAD
Business Seal
Price: $ 0.00 CAD
Shipping & Handling
$ 30.00 CAD
Grand Total
$ 0.00 CAD

Final Review
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Product Info

A limited partnership is a form of partnership registsred with B.C Registries and formed by a general partner and a limited partner.
General partner(s) manages the business operations while the limited partber(s) are don’t have active role in running the business.

Other names:

Checklist

Who can register:

Anyone can register a Limited Partnership which involves 2 or more partners. There must be a minimum of 1 general partner and 1 limited partner.
Currently there is no citizenship or residency requirement for people who can register it.

What is required to register a BC Limited Partnership:

A name approval number from BC Registries for the Limited 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 Limited Partnership, 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, Payroll, Import-export (if included)	Sample Document
PST Program Account	Sample Document
The Workers’ Compensation Board of BC (WorkSafeBC) registration (if included)	Sample Document

Timeline

Submission and processing is a manual method. Application
Registration of a Limited Partnership involves 2 steps:

Step 1. Name approval
The name proposed for the LP must be approved prior to the registration.

Step 2. Submission and processing of registration.
LP registration is a manual process. The usual turn around time of this process with B.C Registries is about 7-15 days based on their current turn around time.

FAQs

Is Limited 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 individuals where one partner, usually, resides out of the country and is an investor and the other partner runs the business.

What are the advantages of registering a BC Limited 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.

Canadian Provinces - Select Your Province

Register a Limited Partnership

Step 1 of 12 - Fees