Set up a partnership or joint venture in Canada with these template agreements and forms for Canadians. Fully editable and easy to customize to meet your needs.
Under Canadian laws, every partner in a general partnership is personally liable for all of the partnership's obligations, including negligence by another partner. So it's very important to choose your business partners wisely. Each province and territory of Canada has its own laws governing partnerships.
Partnerships are not taxed directly for income tax purposes. Instead, the partners pay the income tax. In the case of a joint venture with foreign partners, if the venture does business in Canada, the foreign partners will be taxed on their share of profits as if they were a Canadian branch operation.
Set up a business joint venture in British Columbia with this template Joint Venture Agreement.
One of the joint venturers will be responsible for management of the joint venture, and will be paid a management fee for providing such services.
No joint venturer may transfer its interest without the consent of the other joint venturers, except in the death of a joint venturer, when his/her interest will automatically pass to their spouse or children.
Set up a joint venture to develop and market products in Canada with this template Joint Venture Agreement.
The joint venture is formed between a party who owns proprietary rights in the products and one or more other parties who will raise the capital for developing, marketing and distributing the products through the sale of shares of stock.
One of the joint venturers will manage the business of the joint venture and act as trustee and agent on behalf of all of the.....
Form a partnership between two professional corporations with this template Partnership Agreement for Canadian businesses.
Application. The Partnership Agreement can be used by legal, accounting, architectural, consulting, medical or other professionals to help share the costs of the practice, as opposed to operating as a sole practitioner which can be much more costly and constitute a much larger business risk.