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Act 2005. 2020 REVISED EDITION. This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021. An Act to provide for limited liability partnerships. [11 April 2005] Singapore Statutes Online is provided by the Legislation Division of the Singapore Attorney-General's Chambers.
A Limited Liability Partnership (LLP) is a vehicle for doing business in Singapore. An LLP gives owners the flexibility of operating as a partnership while having a separate legal identity like a private limited company.
An Act to provide for limited liability partnerships. Jump to: Select Subheading. expand all collapse all. Disclaimer. While we try to keep the legislation accurate and up to date, we give no warranty as to the accuracy or currency of the legislation.
(1) Any person who, being an undischarged bankrupt (whether he was adjudicated bankrupt by a court in Singapore or elsewhere), acts as manager of any limited liability partnership without the leave of the High Court or the written permission of the Official Assignee, shall be guilty of an offence and shall be liable on conviction to a fine not e...
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not...
15.—. (1) A partner of a limited liability partnership may cease to be a partner in accordance with the limited liability partnership agreement, or in the absence of such agreement, by that partner giving 30 days’ notice to the other partners of the partner’s intention to resign as partner.
This guide provides an overview of the key regulatory requirements that limited liability partnerships (LLP) need to comply with. Requirements during LLP registration When registering your LLP:
A limited liability partnership provides the flexibility of a partnership (thus allowing the owners or members to adopt whatever form of internal organization they prefer), while limiting the owners’ liability with respect to the LLP to their respective stakes in the LLP itself.
Limited liability partnership to be body corporate.—(1) A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners.
“limited liability partnership agreement”, in relation to a limited liability partnership, means any agreement expressed or implied between the partners of the limited liability
