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.