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Singapore Limited Liability Partnership Setup

A Limited Liability Partnership (LLP) is a perfect blend of a Sole Proprietorship with Private Limited Company setup.

Form a Limited Liability Partnership at $450

All fees included. No Surprises.

Limited Liability Partnership (LLP) Formation at $450

Register Now

What's Included?

  • Name check and reservation
  • Preparation of registration forms
  • All relevant registration fees inclusive (no extra charge!)
  • E-Certificate of registration
  • Bank account opening assistance

How we stand out

There are a lot of service providers. Why Leftright Corporate?​

Affordable & Transparent Pricing

The services provided for forming a Limited Liability Partnerships are the same. How other companies may charge hundreds, and in some cases up to a thousand dollars baffles us.

You would like to form your partnership, and we offer an affordable and transparent cost. All associated registration fees are already included.

Fast Formation

We have had years of experience with company incorporation and forming partnerships. We almost could’ve done it with our eyes closed (no, not really).

Through countless of business setups, we’ve familarized ourselves with the process. Once we have your information, your partnership could be setup in less than 15 minutes.

No Extra Fees

Pay for your partnership formation. No additional charges, no GST. We’ll cover the formation. 

$450, with everything you need to get your limited liability partnership formation – full stop.

What are the benefits of starting a
Limited Liability Partnership?

Separate Legal Identity

An LLP has a separate legal identity and can own property, enter into contracts, sue or be sued in its own name.

Limited Personal Liability

The partners of the LLP will not be held personally liable for any business debts incurred by the LLP or the wrongful acts of another partner. A partner may, however, be held personally liable for claims from losses resulting from his own wrongful act or omission.

Perpetual Existence

Any changes in the LLP (e.g. resignation or death of partners) do not affect its existence, rights or liabilities.

Ease of Compliance

Compliance requirements are more complex than sole proprietorship but simpler than a private limited company.

In a nutshell

What is a Limited Liability Partnership?

Singapore Limited Liability Partnership (LLP) is a type of business structure where two or more partners incorporate a partnership entity that shields co-partners from liabilities due to the willful misconduct or gross negligence of one partner or a group of partners.

For a LLP to exist, there must always be two or more partners. Although Singapore’s Limited Liability Partnership Act of 2005 does not restrict the benefit of LLP structure to certain classes of professionals only, in practice, LLP structure makes the most sense for chartered professions only (such as lawyers, accountants, etc.) when two or more such professionals decide to work together. For a typical entrepreneur however, incorporating a private limited company is the preferred option.

Who can start a Limited Liability Partnership?

  • There must be a minimum of two partners. However there is no cap on the maximum number of partners in a LLP.
  • The partners can be natural persons or companies
  • A partner may cease to be a partner upon his death or dissolution or in accordance with the limited liability partnership agreement (if any) or, in the absence of such agreement, by giving 30 days’ notice to the other partners.
  • A proposed new partner requires the consent of all existing partners. Other matters are decided by majority vote, with each partner having one vote.
  • Unlike private limited companies, an LLP in Singapore does not have directors, shareholder or secretary, instead the partners own and run the business.
  • Every limited liability partnership must appoint at least one manager who is a natural person of at least 18 years of age and who is ordinarily resident in Singapore, a Singapore Citizen or a Permanent Resident.
Leftright Corporate Partnership Formation

Your Partnership Formation service includes

  • Name check and reservation
  • Preparation of registration forms
  • All relevant registration fees inclusive (no extra charge!)
  • E-Certificate of registration
  • Bank account opening assistance
Form A Partnership

An LLP in Singapore is not required to file its accounts or have them audited. Nor does it need to disclose its capital.

Get Started in
3 simple steps

Form A Partnership
1

Answer some basic questions

Send us an enquiry and complete our simple registration form, or call us directly and one of our experts will walk you through the process.

2

We take care of the paperwork

Our incorporation experts will set up the required documents needed to get your business up and running quickly and accurately.

3

Congratulations!

All done! Straight forward, and fast processing. By working with Leftright Corporate, we work fast to get your company setup as quickly and as accurately as possible.

Other Business Entities

leftright-corporate-singapore-sole-proprietor-registration.jpg

Sole Proprietorship

A Sole Proprietorship is the simplest form of business structure in Singapore. It is mostly only suitable for very small single-owner type business that does not carry any risks.

Learn more
leftright-corporate-singapore-company-incorporation

Private Limited Company​

A private limited company is the most advanced, flexible, and scalable type of business form in Singapore. It’s also the most preferred type of Singapore business entity for serious entrepreneurs.

Learn more

Frequently Asked Questions

What do I need to prepare before I set up my Limited Liability Partnership (LLP)?

Before setting up and registering your new Limited Liability Partnership (LLP), you would need the following:

  • You must have thought of your business name, and it has to be approved before registration.
  • You need to have the particulars, such as the NRIC of the partners/managers, including their addresses.
  • A minimum of 2 partners is required. If you are an individual, you can consider either setting up a Sole Proprietorship or even a Private Limited Company
  • A local physical address of the partnership.
  • Declaration of the partnership’s compliance.
  • Consent to Act as Manager and Statement of Non Disqualification to Act as Manager.

In most cases, even if you are unsure or confused, please do not worry. Our business setup experts will be there to guide or complete the full process for you, according to your specification and requirements.

What are my partnership's annual compliance obligations?

Your Singapore partnership must keep and maintain an up-to-date financial statements and accounts so as to substantiate all the transactions and financial position of the entity. Accounting and other financial records need to be maintained for 7 consecutive years.

The manager or partner of an LLP must submit to the Registrar an annual declaration of solvency or insolvency; such declaration must be lodged within the first 15 months from the date of the registration of the LLP. Subsequently a declaration once in every calendar year must be submitted at intervals of not more than 15 months.

How long does it take to register my new Limited Liability Partnership (LLP)?

Upon receipt of all your documentations, and fully understanding your requirement, our incorporation expert would begin the registration process almost immediately.

Usually, it would take no more than 2 hours for your LLP to be registered, and you can begin operations.

Do I need a Company Secretary?

As a LLP, the entity is not required to appoint a company secretary. Though managers and partners must still be aware of the compliance obligations as mentioned above.

Trusted by Our Clients

4.9 out of 5 stars on Google
5/5

Our clients’ feedback means the world to us, and their words speak for themselves. Find out why they choose us and get a glimpse into their experiences with our services.

 

Mas Gnat
“A great company with speed respond. All questions answer and add on bonus information to allow business owners to plan well and accurate for annual filing. Which is always the most critical and important for any business .
Highly recommended for their services .
Fair priced and efficient work!”
Timothy Jurn
“I recently used their service to incorporate my new company, and I was very impressed with their service. They were fast and responsive, and they made the whole process very easy for me. They answered all of my questions in a clear and concise way, and they helped me to understand the entire incorporation process.

I would highly recommend their service to anyone who is looking to incorporate a business. They are fast, responsive, and knowledgeable, and they will make the whole process as easy as possible for you.”
Choon Heng Tew
“I just switch over to Left-Right from another secretary firm. Lisa is patience & easy to get in touch with in helping me to make a smooth switch.
For SME company like mine, we need someone dedicated to hear our issue and provide professional opinion, so far, Lisa had deliver it to me. Thanks to Lisa.”
Clarence Chua
“Had been using their services all along and would continue to use them as they are professional.”
Eugene Wong
“Lisa is very attentive to details and prompt with replies and follow up. So far it has been a pleasant sign up experience with them and I’m already glad we switch over to them for our Corporate Secretary services.”

Read our Guides

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How to Determine my Financial Year End?

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What is an Exempt Private Company (EPC)?

Need additional assistance?

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