ESTABLISHMENT OF ONTARIO LIMITED PARTNERSHIPS, CANADA.
Introduction to commercial and private bank accounts in the USA.
Contact usTHE FIRM
Team
We are a firm of advisors specialized in the formation and administration of Limited Partnerships in Ontario, Canada.
History
Since 1992, we have supported international families and corporations in the establishment of Ontario Limited Partnerships, for international business issues and also for the implementation of family wealth preservation strategies.
Mission
Offer the best advisory and management service for the formation of Limited Partnerships in Ontario.
SERVICES
Establishment of Ontario Limited Partnerships
The process of establishment takes 48 to 72 hours
Partnership Agreement
Preparation of Partnership agreements for Banking purposes and succession planning strategies
Formation of LLCs
Incorporation of Limited Liability Companies in the USA
Commercial Advisory
Formation of Limited Partnerships for commercial use and introduction with commercial banks in the USA
Introduction to banks in the USA
Commercial banks, private banks and securities firms
Succession Planning using LPs
Family Limited Partnership establishment for succession planning purposes
ONTARIO LIMITED PARTNERSHIP
Advantages
- •Canadian company of great international prestige.
- •No residence restrictions for partners.
- •No minimum capital required.
- •There is no tax on earnings received by partners outside of Canada.
- •There are no corporate income taxes.
Tax
Ontario Limited Partnerships are not considered a taxable entity, therefore they are not required to file corporate tax returns and pay income taxes. All profits pass through the company to its partners, NON-RESIDENT partners and corporate profits originate outside of Canada, there is no tax implication.
General and Limited Partner
At least one General Partner is required, either an individual or a Limited Liability Company. At least one Limited Partner is required and can be the same General Partner. The Limited Partner can be a foundation, trust, LLC, SA, etc. In the Ontario public registry, only the name and address of the General Partner is recorded.
Personal Liability
General Partners have unlimited personal liability for debts and obligations of the Limited Partnership. The liability of the Limited Partners is restricted based on the capital contributions to the Limited Partnership.
Management
The Limited Partnership is managed by the General Partners, unless the Partnership Agreement allows the General Partners to appoint a manager.
Office Address
An Ontario address is required, our firm offers an address in the financial center of Toronto.
CONTACT
CONCILIUS LP
150 King St W, Suite 200
Toronto Ontario, M5H 1J9, Canada
Send us a messagePhone: +00 1 (647) 691 6931
Email: [email protected]
