A limited partnership consists of one or more ‘general partners’ and one or more ‘limited partners’ and is governed by a document agreed to between the parties, such as a limited partnership agreement. The general partner is responsible for managing the business and has unlimited liability for the partnership’s debts, whereas the limited partner typically has limited liability and is not involved in managing the business.
Caution: As of February 1st, 2025 a Company Key is required to file a change/update to business entity registered with the Ontario Business Registry (OBR). Read more.
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| Limited Partnership Registration | Filing Fees | Government Fee | Total Price | Processing Time |
|---|---|---|---|---|
| New, Name Change or Renewal | $95 | $210 | $317.35 | same day |
| Amendments (other than name change) | $95 | $0 | $107.35 | same day |
| Late Renewal* | $95 | $210 + $150 = $360 | $467.35 | same day |
| Dissolution or Withdrawel | $95 | $0 | $107.35 | same day |
| *Administration fees apply to government fees when paying by credit card and are not shown above. Varies based on amount. | ||||
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A power of attorney must be executed by an extra-provincial limited partnership formed in a jurisdiction outside Canada that carries on business in Ontario.
An extra-provincial limited partnership formed in a jurisdiction within Canada that carries on business in Ontario but does not have a place of business in Ontario, must also execute a power of attorney.
The power of attorney must be executed to appoint a person resident in Ontario or a corporation having its head or registered office in Ontario to be the extra-provincial limited partnership’s attorney and representative.
If your power of attorney has changed, check the box on the application form to confirm that you have a new executed power of attorney. The attorney and representative in Ontario shall keep the executed power of attorney available for inspection at the address set out in the declaration.
No, an LP amendment must be filed first to change the General Partnership information. Note, the dissolution cannot be filed for at least 48 hours until the amendment has been fully data-entered.
Yes, a trust is acceptable as a GP. Private trusts are not required to be registered with the Ministry.
Yes, all 3 registrations can be processed the same day (2 Limited Partnerships and the General Partnership).
Yes, a Profile Report can be ordered from the OBR for the Limited Partnership once the amendment has been registered. All Profile Reports are automatically certified by the OBR system.
