Existing limited partnership under the Partnership Act 1996
A local or international limited partnership formed under Part VI of the Partnership Act 1996 that has not yet re-registered under the Limited Partnership Act 2017. No new partnerships can be formed in this form.
- Entiva fee to form
- $3,659
- Government fees to form
- None listed
- Run plan
- $109 a month
- Steps to form
- 1
- Ways to close
- 2
Who it suits, and what defines it.
Governed by the Partnership Act 1996, Part VI; LPA 2017 Schedule.
Who it suits
- Partnerships formed under Part VI of the Partnership Act 1996 that have not re-registered.
Key facts
- New formations
- Not possible in this form
- Until re-registered
- Stays under the Partnership Act 1996
- Re-registration
- Under the Limited Partnership Act 2017
- Who files
- Only the existing registered agent
- Legal personality
- None after re-registration unless elected
- The election
- Irrevocable
- Statute
- Partnership Act 1996, Part VI; LPA 2017 Schedule
What the law requires.
3 rules, each in plain words.
Re-registration is filed only by the existing registered agent
Paragraph 4(3) of the Schedule allows no one else to file it.
A written partnership agreement that meets section 7 is needed
It replaces the memorandum and articles of the 1996 Act (para 2).
All fees and penalties under the Partnership Act must be paid
The Registrar may refuse re-registration if any are unpaid (para 5(2)).
How Entiva forms it.
1 step. Entiva prepares and files each one, and collects every signature the law needs.
The steps
1 step- 1Re-register under the 2017 Act
The existing registered agent files a statement signed by or for each general partner. A written agreement under s.7 is needed.
Documents
5- Re-registration statement
- Declaration electing legal personality, if the general partners choose it
- Registered agent's consent to act
- Partnership agreement that meets section 7
- Certificate of re-registration
Who takes part
3- Every general partner, with source of funds and wealth
- Each limited partner of 10% or more of capital, profits or votes
- Each owner or controller of 10% or more, with source of funds and wealth
How it closes.
2 routes. The right one depends on whether it can pay its debts, and who starts it.
Re-registration under the Limited Partnership Act 2017
For a partnership that chooses to re-register.
- 1
General partners sign; the existing registered agent files
- 2
Adopt a written partnership agreement that meets section 7
- 3
The partnership then follows the limited partnership rules
Automatic re-registration
If the partnership is not re-registered before the transition period ends.
- 1
It is re-registered the next day, without legal personality
- 2
It must then adopt a written agreement that meets section 7
What Entiva does for you.
From the first filing to the last.
Existing limited partnership under the Partnership Act 1996
- Checks first whether the partnership can still re-register under the transition rules.Restructuring
- Prepares the re-registration statement and the optional election of legal personality.Restructuring
- Drafts a partnership agreement that meets section 7, from the model and your terms.Restructuring
- Checks every general partner and each limited partner of 10% or more.Restructuring
- Checks each beneficial owner's identity and files their details within 30 days.Formation
Build it with the API.
Every step on this page is an action in the Entiva API, with its documents, signatures and filing.
What it costs, item by item.
Every Entiva fee and every government fee, from forming it to closing it.
Forming it
$3,659one-off
- Government fees
- None listed
Closing it
Quoted before it starts
- Entiva fee
- Fixed, quoted first
- Government fees
- At cost
Included in the Run plan
- Registered agent in the BVI
- Every deadline tracked
Extra, at a fixed fee
- Re-register under the 2017 Act
Each extra is quoted before it starts, and nothing is done until you approve it.
Forming it
Entiva's formation fee is $3,659, one-off. Government fees are passed through at cost.
Excludes steps marked only if needed.
Closing it
Closing is a fixed-fee project, quoted before it starts.
Entiva fees are in US dollars. Government fees are in the currency each authority charges, passed through at cost when the filing is made. Taxes are separate.
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