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You are here: Home / FAQs / What are the advantages and disadvantages of a Limited Liability Partnership (LLP)?
FAQ : Company Incorporation / Corporate Structures

What are the advantages and disadvantages of a Limited Liability Partnership (LLP)?

A Singapore Limited Liability Partnership (LLP) is the perfect blend of a partnership with a private limited company setup.

The advantages of a Singapore Limited Liability Partnership are as follows:

  • Separate legal entity, hence partners are not personally liable for losses or debts, or wrongful acts of other partners. However a partner is personally liable for claims against his personal wrongful acts or omissions
  • Has perpetual succession. Any change in the partners of a LLP does not affect its existence, rights or liabilities
  • Compliance requirements are simpler as compared to those of a private limited company
  • No annual returns filing required, except for income tax

The disadvantages of a Singapore Limited Liability Partnership are:

  • Constraints in transfer of ownership
  • Does not command a distinguished image as a private limited company.



Related questions?

  1. Can a Singapore subsidiary hire foreign employees?
  2. Do Singapore-registered companies usually use an incorporation agent?
  3. Are shareholders liable for companies’ debts?
  4. What are the documents required for Singapore subsidiary formation?
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

36 Robinson Road,
#20-01 City House,
Singapore 068877

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