International entrepreneurs establishing or maintaining an Ontario Limited Partnership often need more than the initial registration of the business. When the General Partner, Limited Partners or beneficial owners are located outside Canada, maintaining reliable Canadian administrative infrastructure becomes an important part of operating the partnership over the long term. The owners may conduct their businesses […]
Tag Archives | Ontario LP
Ontario Limited Partnership Registration for Non-Residents and International Businesses
Canada continues to attract international entrepreneurs, investors, and companies looking for a stable jurisdiction from which to establish North American business operations, investment structures, and international commercial ventures. While incorporation is often the first Canadian business structure considered by foreign entrepreneurs, it is not the only option available. For certain business models, an Ontario Limited […]
Residency Requirements of Ontario Limited Partnerships
An Ontario Limited partnership consists of two or more legal entities pooling their resources to operate a shared business. The “legal entities” that form the partnership may be individuals, corporations, trusts or partnerships. The resources each partner contributes to the new business partnership don’t have to be in the form of money. A partner’s contribution […]
Tax Treatment of Ontario Limited Partnerships
Ontario Limited Partnerships are considered a disregarded or ‘flow-through’ entity for Canadian tax purposes meaning that all profits/losses pass directly through and are attributed to the partners directly. Where the Limited Partnership is engaged in a trade or business outside of Canada, and the partners are non-Canadian residents, at the LP level, there will be […]