Registration of a Limited Partnership or an Incorporated Limited Partnership - South Australia

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, limited partnerships must have:

  • a registered office in South Australia
  • 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).

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 unless cancelled or revoked.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All Fees are listed on the attached document.

Forms

Task Business Structure Resources
Apply All Application for Registration of Limited Partnership / Incorporation of a Limited Partnership - Please contact the agency for information on forms to be submitted.

Other resources

Task Business Structure Resources
Comply All Limited Partnership Fee Schedule (Opens in new window)

Administering agency

Consumer and Business 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:

Associations and Cooperatives

Consumer and Business Services

Operating address: 91 Grenfell Street
Adelaide, South Australia 5000
Mailing address: GPO BOX 1719
Adelaide, South Australia 5001
Phone: 13 18 82
Email: associations@sa.gov.au
Website: Consumer and Business Services (Opens in new window)