A Limited Liability Partnership (“LLP”) gives its owners the flexibility of operating as a Partnership while having a separate legal entity like a Private Limited Company. LLP is suitable for individuals engaged in professional services such as lawyers, architects, accountants and management consultants. 

The LLP partners will not be held personally liable for any business debts incurred by the LLP and or for such wrongful acts or omissions of any other LLP partner. It has perpetual succession. Any change in the partners does not affect its existence, rights or liabilities. There is no annual return filing required of LLP, except for personal income tax.

However, a partner may be held personally liable for claims from losses resulting from his own wrongful act or omission. There are also constraints in transfer of ownership.

Every LLP must have at least ONE manager who is ordinarily resident in Singapore. All managers shall be natural persons of full age and capacity.

Our fee for registration of LLP is S$1,200 inclusive of ACRA registration fees, common seal and other miscellaneous expenses.