Limited Liability Partnership

Want to start small but keep the advantage of liability protection?

Start your business as a Limited Liability Partnership (LLP), allowing you some liability protection, more flexibility and less accounting compliance.

LLP Setup

$398

  • Professional fees for the formation of Limited Liability Partnership

  • ACRA incorporation fee included

Get Started

Add On Services

Nominee Manager

No deposit needed when acquired with secretarial and accounting services.

$1200
Half-yearly

Bank Account Opening Assistance

We will prepare the necessary paperwork for a smooth process. You can even open a bank account remotely without your presence required in Singapore at additional charge.

$250
For local banks

Company Stamp

Round self-inking stamp self-collected at our office. Delivery available with shipping fee.

$25
Shipping fee excluded

Company Registered Address

Every Singapore company is required by law to have a valid Singapore address as registered address of the company.

$200
Per annum

Mail Scanning Service

An add-on to our registered address service, access your every mail on our secure cloud storage via our mobile app.

$100
Per annum

CorpPass Registration

Required for online corporate transactions with the government (SingPass is also required and we will set it up for you if you do not have one).

$100
One time fee

FAQ

A limited liability partnership (LLP) is a type of business structure where 2 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.

A limited liability partnership (LLP) is considered a separate legal identity from its owners. Therefore, a partner of a LLP cannot be held personally liable for the wrongful commission or omission of any other partners.

A partner, during the course of the business, is personally responsible for the liabilities that arise due to his act of commission, omission, or negligence. Liability claims can be made against him and his personal assets. However, other innocent partners and their personal assets will remain insulated from such liabilities and their liabilities will be limited only to the capital contributed by them to the LLP.

In the event that a partner becomes liable to any person or company through his acts of commission or omission, the LLP is liable to the same extent as the partner. Claims can therefore be made against an LLP to the full extent of its assets.

Yes you can! If you are considering expanding your business from a LLP to a Privated Limited for more opportunities of funding and better protection of personal liability, HeySara can assist you in a smooth and quick conversion. Contact us for more details.

Yes you can! If you are considering ‘downsizing’ your business from a Private Limited to a LLP, HeySara can assist you in a smooth and quick conversion. Contact us for more details.

Have More Questions? Ask Sara Now

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