Registration of a limited partnership or an incorporated limited partnership - Queensland

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.

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 to register as an incorporated limited partnership, you must be:

  • a venture capital limited partnership (VCLP)
  • an early stage venture capital limited partnership (ESVCLP)
  • an Australian venture capital fund of funds (AFOF)
  • a venture capital management partnership (VCMP)
  • intending to be any of the above.

To be eligible to register as a limited liability partnership, you must have at least one general partner and at least one limited partner.

Duration

This partnership will remain in effect until dissolution or cessation.

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $156.20

Application for registration of limited liability partnership

Apply Application All $845.70

Application for registration of incorporated limited partnership

Vary Variation All $75.40

Change of details relating to limited liability partnership

Transfer

You can transfer a partnership by submitting a completed change of details form. You must lodge notification within seven days of the date of change.

Administering agency

Department of Justice and Attorney-General

Office of Fair Trading

Registration Services

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 Services

Registration Services

Office of Fair Trading

Department of Justice and Attorney-General

Queensland
Operating address: Upper Plaza Terrace
33 Charlotte Street
Brisbane, Queensland 4000
Mailing address: GPO Box 3111
Brisbane, Queensland 4001
Phone: 13 74 68
Phone: 07 3738 8789
Fax: 07 3738 8783
Email: RegistrationServices@justice.qld.gov.au