ACRA New Business Vehicle – Limited Partnerships
April 11, 2009 by Gwendolyn Regina T
Come May 4th, individuals looking to incorporate in Singapore have a new option as to the type of company incorporated. Currently we have 4 types: Sole Proprietorship, Partnership, Limited Liability Partnership (LLP), Company. Soon, we’ll have Limited Partnerships (LP) to add to the basket.
IF YOU WANT TO…
Incorporate a company yourself: Sole Proprietorship or Company.
Be able to sue (and thus be sued in its own name): LLP or Company.
Not be personally liable for debts and losses: LLP (liable for your own, but not for other partners), Company, LP (if you’re a Limited Partner).
Own property: LLP or Company.
For more details, this ACRA table is a great compare-and-contrast amongst the 5 types of business vehicles.
About The Author
Gwendolyn Regina T - Co-Founder and Editor-in-Chief
Apart from SGE, Gwen is also a Partner at Thymos Capital, where she focuses on early stage investments in technology firms. She has had two exits out of her investments via the firm, one of which is iHipo. A frequent judge for business competitions both locally and overseas, she graduated from the National University of Singapore. Gwen also spent some time in Silicon Valley and studied in Stanford University under the NUS Overseas College programme. Gwen is a mentor at Spanish incubator Tetuan Valley, Polish incubator Gamma Rebels, the Singapore Ambassador for the Sandbox network and the Singapore curator for StartupDigest. She enjoys languages, travelling, dance and adventure sports. Gwen can be found on LinkedIn and Twitter.
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