Partnerships and Business Names - Limited Partnership
Registration
A limited partnership is a special type of partnership
in which there may be one or more general and limited
partners. Limited partners cannot act on behalf of the
partnership and usually cannot be held responsible for
the liabilities of the partnership beyond the amount,
which they have committed to invest.
Limited partnerships are normally established by a
formal agreement between all of the partners.
There are no prescribed forms to register a limited
partnership or an extra-territorial limited partnership
in the Northwest Territories. When registering a limited
partnership, the registration certificate must comply
with section 58 of the Partnership Act.
To register an extra-territorial limited partnership we
require:
- a certificate that complies with section 4 of
the Partnership Act Regulations
- a certified copy of the registration
certificate from
their home jurisdiction
- a certificate of compliance from their home
jurisdiction (if a certificate of compliance is
not available, we will
accept a letter from their lawyers confirming that
their Limited
Partnership registration is still valid).
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