The Family Limited Partnership
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- dkaria
- dkaria
- JWatkins
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» JWatkins - There is a model LP act for Canada and Ontario...
A model limited partnership act for Canada is available and some of it is cited as being drawn from Ontario's partnership act.Canada is not my area of practice, but it seems you could look up Ontario's partnership act and see if it allows for limited partnerships.
Under IRS rules, there is no such thing as a "FLP" only a LP that happens to be family owned. It could be the same under Canadian law.
Good Luck
JWatkins
-- posted by JWatkins
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