Unlimited liability for every partner
All partners are jointly liable for all partnership debts without limit, and creditors may pursue personal assets. Use this form only where partners trust each other and understand that exposure.
Company registration services
Registered Ordinary Partnership Registration
Registered ordinary partnership: every partner is jointly and unlimitedly liable for partnership debts. Review that risk, the manager and tax duties before registering.
Once registered, an ordinary partnership is a juristic person separate from its partners, yet every partner remains jointly liable without limit. This guide compares it with a limited partnership and a limited company and organises details before you request a quotation. Registration outcome is not assured.
Information for a scope review
| Topic | Starting information | Review question |
|---|---|---|
| Partners | Names and partner classes | Joint unlimited liability |
| Contributions | Money, property or labour | Property value and evidence |
| Management | Manager and signing conditions | Alien status, accounting and tax |
Registered versus unregistered
An unregistered ordinary partnership is not a juristic person; contracts and tax attach to the individual partners. Registration lets the partnership contract and hold property in its own name and makes it a corporate income taxpayer.
Define the manager and signing authority
Register the managing partner, any authority limits and joint-signing conditions. Without them each partner may act for the partnership, increasing risk for the others.
Check contributions and foreign participation
Record contributions of money, property or labour clearly. With a foreign partner, assess alien status and any activity requiring a foreign business licence before registering.
Accounting and tax duties
A registered ordinary partnership keeps accounts, submits financial statements and files corporate income tax. Assess VAT and withholding tax separately based on actual activities.
Choose the form before requesting a quotation
Send partner names, contributions, the manager and the business plan to compare an ordinary partnership, limited partnership and limited company, then request a written quotation with official fees shown separately.
Questions before preparing an application
- How does it differ from a limited partnership?
- In an ordinary partnership all partners have unlimited liability; a limited partnership has some partners whose liability is capped at their contribution.
- Is registration compulsory?
- No, but an unregistered partnership is not a juristic person and tax falls on the individual partners.
- Are partners personally liable?
- Yes. All partners are jointly and unlimitedly liable for partnership debts.
- Can foreigners be partners?
- Yes, subject to an alien-status and business-permission check.
- Must it file financial statements?
- Yes. A registered partnership keeps accounts and submits financial statements on schedule.
- How can I obtain the service charges?
- Send partner details for scope review and request a written quotation.
Official sources for requirement checks
- DBD — partnership registration and official fees
- Office of the Council of State — Civil and Commercial Code, Book III Title XXII
- Revenue Department — corporate income taxpayers
General preparation guidance. Check current announcements and project facts before filing; eligibility and approval are not assured.