This registration allows you to form an incorporated limited partnership.
A partnership is made up of two or more people who jointly carry on a business for profit. Under a general partnership, all partners are equally responsible for the business, and have unlimited liability for its debts and obligations. 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.
It must have at least one (but no more than twenty) general partners (who have unlimited liability), and one or more limited partners (whose liability for the debts and obligations of the partnership is limited). You should seek expert legal advice before establishing an incorporated limited partnership.
To apply, complete the Incorporated Limited Partnership Application form.
Please consult the responsible agency for more information and to ascertain the level of compliance (if any) that may be required.