What is a Partnership Registration?

What is a Partnership Registration?

What is a Partnership Registration?

A general partnership is a legal structure where two or more persons carrying on a business with a view to making a profit. Some individuals choose a partnership as the manner in which to carry on a business because of its ease of formation and dissolution, as well as its overall lack of formalities. 

You always register your partnership with the provincial government department or agency that handles business registrations in your province.  It’s similar to a sole proprietorship but has 2 or more owners.