Frequently asked questions about Singapore LLP

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/