Registration of a Limited Partnership or an Incorporated Limited Partnership - New South Wales

Description

You will need to be registered to operate as a limited partnership or an incorporated limited partnership. A partnership is an entity comprised of two or more people that jointly carries on business for profit.

A limited partnership allows you to form a partnership with one or more general partners (with unlimited liability) and limited partners, whose liability is limited to the amount they have agreed to contribute to the partnership. Limited partners are passive investors and cannot be involvement in the management of the business.

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, and must have at least one general partner, and one or more limited partners. You should seek expert legal advice before establishing an incorporated limited partnership.

Please contact the agency for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for registration, the limited partnership must have:

  • a registered office in New South Wales
  • at least one general partner (and a maximum of 20)
  • at least one limited partner (but there is no maximum number of limited partners).

In addition to meeting the requirements of a limited partnership, incorporated limited partnerships must also be or intend to be registered as:

  • a Venture Capital Limited Partnership (VCLP)
  • an Early State Venture Capital Limited Partnership (ESVCLP)
  • an Australian Venture Capital Fund of Funds (AFOF)
  • a Venture Capital Management Partnership (VCMP).

Please consult the agency for more information regarding eligibility requirements.

Duration

Ongoing

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application Partnership

Fees are listed on the attached document.

Other resources

Task Business Structure Resources
Comply Partnership Limited Partnership Fees (Opens in new window)

Act(s) name

Partnership Act 1892 New South Wales

Regulation(s) name

Partnership Regulation 2017 New South Wales

Administering agency

Department of Customer Service

NSW Fair Trading

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Please use these contact details for help or more information:

Registry Services

NSW Fair Trading

Department of Customer Service

Mailing address: PO BOX 22
Bathurst, New South Wales 2795
Toll Free: 1800 502 042
Phone: 02 6333 1400
Email: registryinquiries@customerservice.nsw.gov.au
Website: NSW Fair Trading (Opens in new window)