Entity Guide
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Limited Liability Partnership (LLP)
Partnership structure with limited liability
Liability
Limited
Owners
2–20 partners
Setup Time
2–3 days
ACRA Fee
S$100
An LLP combines the flexibility of a partnership with the limited liability of a company. Partners are not personally liable for the LLP's debts or for other partners' actions. It is a separate legal entity with perpetual succession.
Best for
Professional firms (law, accounting, architecture) and small partnerships wanting liability protection
Advantages
- Limited liability for partners
- Separate legal entity
- Perpetual succession
- Flexible internal management
Considerations
- More compliance than a normal partnership
- Cannot easily issue shares or raise equity
- Max 20 partners (if not registered as company)
- Profits taxed at partner level
This is an independent guide — not a government website and not legal or tax advice. Official registration is done on ACRA Bizfile. Always verify current requirements on the relevant .gov.sg portal.