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Partnerships

A partnership is a business structure whereby two or more owners contribute to the aspects of the business equally. There are general and limited partnerships. A limited partnerships has both general and limited partners. Limited partnerships usually will have passive investors. There are some advantages of a partnership, including the tax treatment since a partnership does not pay tax on its income, but rather it "passes through" any profits or losses to the individual partners. In a general partnership, there are some liability issues, since like sole-proprietors, a partner will be personally liable for the partnership's obligations and liabilities.

At Scardicchio Law Office Professional Corporation, our Business Lawyers have the skills and knowledge to help you structure your business. Our business lawyers can also help with business agreements, shareholder agreements, Federal and Provincial incorporations and partnership agreements. We also assist our established business clients draft privacy policies, terms of service agreements, website use policies, and more. Call us to discuss your business plans today. We are here to help.


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  Business Lawyers

Our Business Lawyers in Ontario service Brampton, Mississauga, Milton, Toronto, Markham, Etobicoke, Bolton, Caledon, Vaughan, Thornhill, Richmond Hill, Oakville, Burlington, Hamilton, Orangeville, Newmarket, Barrie, Collingwood, Wasaga Beach and Muskoka.

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All materials contained on this website are made available by Scardicchio Law Office Professional Corporation for informational purposes only and should not be construed as legal advice. The transmission and receipt of information contained on this website does not form or constitute an lawyer-client relationship. Persons should not act upon information found on this website without first seeking professional legal counsel. Read our full terms.
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  Mississauga Law Chambers

151 City Centre Drive, Suite 201,
Mississauga, ON L5B 1M7

  Brampton Law Office

2 County Court Blvd., 4th Floor,
Brampton, ON L6W 3W8

  Oakville Law Office

2275 Upper Middle Road E., #101,
Oakville, ON L6H 0C3

Direct : (647) 607-7529
Local : (905) 593-0499
Business Hours : 8:00 - 6:30
Evening Appointments Available

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