Registration of an Incorporated Limited Partnership - Northern Territory

Description

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

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. General partners have unlimited liability whereas limited partners liability is limited to the amount they have agreed to contribute to the partnership. Limited partners and passive investors and cannot be involved in the management of the business.

You should seek expert legal advice before establishing an incorporated limited partnership.

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 incorporated limited partnership must have:

  • a registered office in the Northern Territory
  • 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).

Additionally, the incorporated limited partnership must 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).

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please check with the agency for information on fees to be submitted.

Forms

Task Business Structure Resources
Apply All Application for Registration of an Incorporated Limited Partnership - Please use the contact details below for information on forms to be submitted.

Administering agency

Department of the Attorney-General and Justice

Consumer Affairs

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:

Registration

Consumer Affairs

Department of the Attorney-General and Justice

Operating address: 1st Floor, The Met Building
13 Scaturchio St
Casuarina NT 0810
Mailing address: PO Box 40946
Casuarina NT 0810
Phone: 1800 019 319
Phone: 08 8999 1999
Fax: 08 8935 7738
Email: consumer@nt.gov.au