Partnerships, like Corporations, are a type of business vehicle available in Alberta. Partnerships differ from Corporations in that they do not provide the any liability protection or tax advantages. They are, however, much more flexible than Corporations, and do not require their own tax filings.
Partnerships are commonly used among professionals, such as law or accounting firms. They are also often used as vehicles for real estate development projects.
Choosing the right business vehicle requires good advice and a thoughtful analysis of your business and its objectives. Our lawyers can help you to determine what solutions are right for you.