Types of business organisations available
Are you interested in growing your business in Singapore? Are you unsure of which corporate vehicle to use? Let us help you find the right choice for you.
Limited Liability Partnership (LLP)
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Limited Liability Partnership (LLP)
An LLP gives owners the flexibility of operating as a partnership whilst also offering them limited liability.
Every LLP shall have at least 2 partners. The partners may be individuals, a local company, a foreign company or another LLP. It combines the benefits of a partnership with those of a private limited company.
An LLP is a body corporate and has a legal personality separate from its partners. LLP Partners must have their contributions to Medisave paid up to date with the Board of the Central Provident Fund at the time registration of a new LLP.
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