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Limited Liability Partnership: When two or more partners want to incorporate a company in Singapore, then registering a business as a Limited Liability Partnership (LLP) company is the best option. Under this partnership entity, ACRA identifies both partners as different personalities who can sue or be sued. Additionally, both the partners are allowed to own property in their individual names. In an LLP company, partners are offered an option to function either independently or as a combined entity. Please note, although the minimum number of partners required to form an LLP is two, there are no limitations on the number of partners an LLP can have.

Limited Partnership: Limited Partnership seems to be a flexible business structure for entrepreneurs not interested to take any kind of responsibility for martin modern singapore business management functions. Such entrepreneurs usually hand over their management of company to an entirely different entity. The chosen entity can be either an individual or a corporation, enjoying unlimited liability. There are more than one, general and more than one, limited partners, in a Limited Partnership company. Please note, if general partners choose to participate in the business function they become liable, and their personal assets are pledged. On the contrary, limited partners are liable only for the amount they have contributed.