SNB-Formation of a Limited Partnership

Act: Limited Partnership Act
Regulation: Regulation 84-196

To Whom Does This Apply?

Persons interested in creating a limited partnership;  Professional advisors - legal, accounting, business.

Summary

Formation of a limited partnership under the Limited Partnership Act (New Brunswick) (the "Act").

A limited partnership shall consist of one or more persons who are general partners and one or more persons who are limited partners.

The formation of a limited partnership under the Limited Partnership Act is done by filing a Declaration of Limited Partnership.

The fee required is $212 ($200 for formation and $12 for publication in the Royal Gazette). The cheque should be made payable to Service New Brunswick.

Before formation of a limited partnership, the proposed name must be checked against a NUANS name search report (Atlantic based) and if available may be reserved for a period not exceeding 90 days. The name search must be done through a private sector name search firm. The NUANS name search report must be forwarded with the application documents.

A list of private sector name search firms is available from Corporate Affairs.

DISCLAIMER
Information contained in this section is of a general nature only and is not intended to constitute advice for any specific fact situation. For particular questions, the users are invited to contact their lawyer. For additional information, see contact(s) listed below.

New Brunswick Contact(s):
Corporate Affairs
Service New Brunswick
432 Queen Street
P. O. Box 1998
Fredericton, New Brunswick  E3B 5G4
Fax: 506-453-2613
Toll-free (information): 1-888-762-8600
E-mail: SNBCorporateAffairs@snb.ca
Web site: https://www.pxw1.snb.ca/snb7001/e/2000/2500e.asp