Llpsingapore Stories

As limited liability companies or private limited companies in Singapore are limited by shares, this means that the shareholders are not liable for its debts or losses beyond the amount of share capital they have invested in the company. The personal wealth and personal assets are not at risk as they are protected, by the definition of a limited liability. It is also a separate legal entity which means it will still be subjected to taxation. The choice of company type has the potential to affect the tax rates and statutory compliance that will become applicable to the proposed business entity after the registration. It may also impose restrictions on the ability of the business to raise capital for the future expansion of its business activities and hence it is imperative to make an informed decision on the choice of company structure for your venture. This article compares both Singapore LLC and LLP to help you understand the differences as well as to find which option best suits your business. For more information read this link: http://precursor.com.sg/llp-vs-llc-singapore-one-better/

Out of the various businesses entity types in Singapore, only Singapore limited liability partnership (LLP) and private limited company in Singapore can be considered to be separate legal entities. This post is a collection of frequently asked questions about Singapore LLP to help those who are looking to understand more about this business entity type. What is a Singapore LLP? According to the Limited Liability Partnership Act, a Singapore limited liability partnership (LLP) is a type of business structure "where the individual partner's own liability is generally limited." This clause protects the various co-partners from liabilities due to misconduct of other partners. This is affirmed by the Limited Liability Partnership Act Section 163A that "the mutual rights and duties of the Singapore LLP and its partners are governed by the limited liability partnership agreement." For more information read this link: http://precursor.com.sg/frequently-asked-questions-singapore-llp/