ARTICLE · 08 NOVEMBER 2024

Limited Partnerships: An Overview

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We have helped hundreds of clients form limited partnerships in Ontario and other provinces and territories. They are very popular structures for certain types of investments because of their flow-through nature.

CanadaCorporate/Commercial Law

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Everything you always wanted to know about limited partnerships

We have helped hundreds of clients form limited partnerships in Ontario and other provinces and territories. They are very popular structures for certain types of investments because of their flow-through nature. Here are a few things to know about them.

What is a Limited Partnership?

A limited partnership is a type of partnership formed between two or more persons to carry on a business with a view to profit, consisting of one or more "general partners" and one or more "limited partners".

A limited partnership is formed under the Limited Partnerships Act (Ontario) (the "Act"), or a similar statute of another province or territory. All of the partners would typically execute a limited partnership agreement (a "LPA") that governs the relationship among the partners.

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