You will need this registration if you intend to operate as a limited partnership or an incorporated limited partnership.
A partnership is an entity comprised of 2 or more people that jointly carries on business for profit.
- limited partnership is one where the liability of one or more partners for the debts and obligations of the business is limited. A limited partnership consists of one or more general partners (whose liability is unlimited) and one or more limited partners
- incorporated limited partnership is a special corporate form of partnership primarily established for people engaged in high-risk venture capital projects.