This registration allows you to form an incorporated limited partnership.
A partnership is made up of two or more people who jointly carry on a business for profit. Under a general partnership, all partners are equally responsible for the business, and have unlimited liability for its debts and obligations. An incorporated limited partnership is a special corporate form of partnership primarily established for people engaged in high-risk venture capital projects. It is an organisation that is a legally separate entity from its partners.
It must have at least one (but no more than twenty) general partners (who have unlimited liability), and one or more limited partners (whose liability for the debts and obligations of the partnership is limited).
You should seek expert legal advice before establishing an incorporated limited partnership.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
A standard limited partnership must have:
- a registered office in Victoria
- a written agreement between the partners
- at least one general partner (and a maximum of 20)
- at least one limited partner (but there is no maximum number of limited partners).
To be eligible for this registration for incorporation you must:
- register your partnership under Part 2 of the Venture Capital Act 2002
- have a general partner that is a venture capital partnership, or early stage venture capital limited partnership
- ensure that your partnership is recognised as a venture capital management partnership under the Income Tax Assessment Act 1936
- submit the appropriate application form and all accompanying documentation
- pay the prescribed fees.
Please consult the responsible agency for more information regarding eligibility requirements.
Ongoing, subject to registration compliance requirements.
Fees for 2016-17.
Change status of partner. Fees for 2016-17.
Please lodge your application and all accompanying documentation directly with the Agency.
Department of Justice and Regulation
Consumer Affairs Victoria
Partnership Act 1958 (Victoria)
Partnership (Fees) Regulations 2013 (Victoria)
The information contained on the Australian Business Licence and Information Service
(ABLIS) web site, or via packages or other sources is intended for general guidance
To the full extent permitted by law, the Federal, State, Territory and Local Governments
make no representations or warranties (expressed or implied) in relation to the
information, including its accuracy, currency or completeness.
The business information provided does not constitute professional or legal advice,
nor is the use of any third party resource an endorsement of the information contained,
the associated organisation, product or service. It is recommended that you obtain
appropriate professional and /or independent legal advice to ensure that the material
provided here is relevant to your particular circumstances.
To the full extent permitted by law the Federal, State, Territory and Local Governments,
their employees and agents do not accept any liability for any reason, including
without limitation, liability in negligence, to any person for the general information
which is provided herein, or in respect of anything, including the consequences
of anything done, or not done, by any such person in whole or partial reliance upon