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Llp Annual Declaration  Form

Llp Annual Declaration Form

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hi I would like to register a new limited liability partnership could you please provide me with more information sure I will be happy to do so a limited liability partnership or LLP for short is one type of business entity in Singapore an LLP provides business partners with a flexibility of operating as a partnership whilst having a separate legal identity like that of a company in other words the LLP is seen as having a separate legal personality from its partners an LLP has perpetual succession any change in the partners will not affect its existence rights or liabilities an LLP must have a minimum of two partners it is mandatory for the LLP to appoint a manager the LLP manager is a person who is concerned in or takes part in the management of the LLP the partners of the LLP will not be held personally liable for any business debts incurred by the LLP however a partner may be held personally liable for claims from losses resulting from his or her own wrongful act or omission the LLP

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