General partnershipGuam
What it takes to form, own and run a general partnership in Guam, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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(b) Jointly for all other debts and obligations of the partnership
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A partnership is an association of two or more persons to carry on
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A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the General partnership.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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A partnership is an association of two or more persons to carry on
- A local company secretary
- Does not apply
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the General partnership.
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the General partnership are in our records.
What is public
Not in our records What the register shows the public is not in our records for the General partnership.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners
A general partnership is a partnership; under the Internal Revenue Code as applied in Guam it files an information return and does not pay income tax, passing profit to its partners.
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A partnership must file an annual information return to report the income, deductions, gains, losses, etc., from its operations, but it does not pay income tax.
- CFC rules in GU
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Dissolution is caused by the end of the term or undertaking, the will of a partner or of all partners, expulsion, unlawfulness, death or bankruptcy of a partner, or court decree (18 GCA 25603-25604); the partnership continues until winding up is completed (25602), and a dissolution is filed with the Department for a fee (25601).
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On dissolution, the partnership is not terminated, but continues until the winding up of partnership affairs is completed.
- Statutory fee
- 25 (currency not stated by the source)
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The fee for the filing a dissolution of a partnership shall be Twenty-five Dollars ($25.00).
Every business in Guam
Sales and consumption tax
- The tax
- Gross Receipts Tax (Business Privilege Tax)
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there is hereby levied and shall be assessed and collected monthly privilege taxes against the persons on account of their businesses and other activities in Guam measured by the application of rates against values, gross proceeds of sales or gross income as the case may be
- Standard rate
- 5%
The 5% rate applies to gross receipts from wholesaling, retailing, services, rentals, professions, commissions, insurance premiums and contracting, and applies to tax periods from 1 April 2018; the use tax on importation and local purchases is 4% and the hotel occupancy tax is 11%.
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PART 1: GROSS RECEIPTS TAX * Note: For tax periods prior to April 1, 2018, use the applicable tax rate of 4% to compute tax due. 1. WHOLESALING 5 %* 2. RETAILING 5 %* 3. SERVICE 5 %*
- Registration threshold
- Not in our records
- A foreign company
- See the note
The authority's pages read do not state how a business with no establishment in Guam registers for the gross receipts tax or whether a representative is needed.
- Returns filed
- Monthly
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The return (Form GRT) is required to be filed on a monthly basis and is due on the twentieth (20th) day of the following month, even if no taxes are due.
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
None of the services whose lists we hold names GU. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- General partnershipDerived our grouping, the same words in every country
- Name in law
- General partnership
- ISO 20275 code
- U5RFSecondary GLEIF, Entity Legal Forms code list