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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.



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Rikvin Pte Ltd

EA License No. 11C3030

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#20-01 City House,
Singapore 068877

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