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DECLARATION FOR BRITISH COLUMBIA LIMITED PARTNERSHIPMailing Address: PO Box 9431 STN Prov Govt Victoria BC V8W 9V3 Courier Address: 200 940 Blanchard Street Victoria BC V8W 3E6Telephone: 1 877 5261526.
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Bristish FAQ
It takes about 7 to 14 days to process a name request. Once it's complete, you'll receive a name reservation number you can use to incorporate your business. Be sure to complete the incorporation before the name reservation expires (56 days after it's approved). If not, you'll need to submit another name request.
Some options might include: Buying your partner out. Sell your stake to your partner. Sell your stake to another individual. Merge with another business.
Partners do not always agree on the termination of a general partnership or a limited partnership. In such a case, the other partners may redeem the shares of the partner wanting to terminate the business. If the partners do not agree on that either, the partners may dissolve the company by putting it into liquidation.
An Ontario limited partnership must file a declaration of dissolution if the limited partnership is dissolved or if all of the limited partners cease to be limited partners. An extra-provincial limited partnership may cancel the declaration and power of attorney by filing a declaration of withdrawal.
Valuing the Partnership If the other partner(s) choose to dissolve the business upon your exit, they will receive their shares of the liabilities and assets owned by the partnership. The shares will be divided based on each partner's ownership interest in the business.
You can submit the registration online at .bcbusinessregistry.ca for a fee of $40. Processing time will take approximately 15 minutes. You can submit your registration in-person at Small Business BC with the assistance of a business officer for a fee of $99 +GST.
But most states require you to follow these steps to dissolve a business: File articles of dissolution. File additional forms like the transfer of property report. Pay any applicable termination fees.
Fees To register a proprietorship or general partnershipBasic fee$275.00Name approval fee$30.00Total$305.00To file an annual report for a B.C. or extraprovincial limited liability partnership$35.0010 more rows
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