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Partnership

Two or more owners sharing responsibility

Liability

Unlimited, joint & several

Owners

2–20 individuals

Setup Time

1–2 days

ACRA Fee

S$100 (1-yr) / S$160 (3-yr)

A partnership is a business owned by 2 to 20 partners. Like a sole proprietorship, it is not a separate legal entity — all partners bear unlimited personal liability. Profits are taxed as each partner's personal income.

Best for

Small professional practices with trusted partners and low liability risk

Advantages

Easy and inexpensive to set up
Shared capital and expertise
Simple tax structure
Flexible management

Considerations

Unlimited personal liability for all partners
Partners are jointly liable for each other's actions
Max 20 partners
No perpetual succession

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.