The Corporations Branch will not permit you to use a name which is confusingly similar with the name of someone else's business or corporation. In Saskatchewan, the name must contain an identifier word which indicates the nature of the business. Partnership A partnership exists when two or more persons or companies are carrying on business together with the understanding that there is a proportional sharing of the profits or losses between them. All of the partners have personal liability for the debts of the partnership. It is therefore similar in nature to a sole proprietorship, except that more than one person is involved.
Partnerships can exist with or without written agreements.
However, it is usually best to have a written agreement, so that the partners understand what their respective rights and responsibilities are. As with a sole proprietorship, a partnership may choose to have a business name. All contracts, invoices, cheques, and orders for goods and services must set out the business name. There may be specific tax reasons for choosing one form over another. The registration of the corporation's name or your business name by the Corporations Branch does not guarantee you the absolute right to use that name.