Limited Liability Partnership Registration Service In Singapore

1. Limited Liability Partnership Registration Service In Singapore In Singapore the LLP was introduced less than a decade ago, it has a good mixture of partnership and private limited company. LLP is regarded as a formal partnership between Directors/ Partners or company. An LLP can sue or can be sued by another company. An LLP can have property on its name. Partners in LLP are considered as separate entities because of this there are no liabilities on partners if there is a loss incurred by the company. One partner’s wrongful act that causes loss to the company the other partner doesn’t have to worry about it as LLP safeguards the other partners from losses and liabilities. The people who are Singapore residents or Permanent Residents are only eligible for registration of LLP. Furthermore, Register LLP Singapore is the best to suit for the professions of the people who are Accountant, Lawyers, and Architects, etc. Benefits of LLP Singapore It is not mandatory to an annual audit of LLP financials Limited Liability Partnership has very minimal annual compliance as compared to the Private Limited Company. One partner can be a shield from the other partner’s a wrong full act that has caused losses or labiality to the company. Limited Liability Partnership Company can continue to exist until it is not wound up. This has become an attraction to the investors because the business will continue to run in any situation. Disadvantages of LLP Singapore

2. It is not considered as Business entity and therefore LLP is taxed at the personal income rate. It is very difficult to transfer ownership in LLP. The LLP does not have the status of a private limited company. Requirements To Register LLP In Singapore There should be at least 2 members or partners. The company name should have the word “Limited Liability Partnership”. The two partners should be local or 1 partner can be a local or foreign individual. There should be one local registered address where the entire official correspondent can be made. There is no paid-up capital requirement. There is consent to act as a manager of one of the partners. Etc. Setup A Company In Singapore Set up a company in Singapore requires few steps like first, selecting a name of the company. Secondly, register a company and getting approval from ACRA. Thirdly, having a company business profile and opening a bank account. Lastly, register GST is annual revenue is more than $1 million and annual filing. If you are looking to set up a company or an LLP company we at HCCS are ready to help you provide all the details that are needed to register a company LLP company in Singapore. We will take all the hard work on our shoulders and register LLP Company for you. You can check our portfolio of clients and also can contact us via email or phone. Content Original Source: https://bit.ly/38pH7kU HELEN CAMPOS Website: http://www.helencampos.com/ Email Id: enquiry@helencampos.com Phone: +65 62228880