About Limited Liability Partnership (“LLP”)

LLP is an alternative business vehicle which combines the characteristics of a company and a conventional partnership. LLP provides limited liability status to its partners and offers the flexibility of internal arrangement through an agreement between the partners.

It provides the flexibility of controlling the business operation in accordance with the partnership agreement whilst enjoying the limited liability status compared to a company which is subject to strict compliance requirements under the Companies Act 2016 in most of its affairs.

Salient Features of LLP

• LLP is a body corporate and has legal personality separate from its partners which is regulated under the LLP Act 2012.
• LLP has perpetual succession.
• Any changes in relation to the partners of an LLP will not affect the existence, rights or liability of the LLP.
• LLP has unlimited capacity and capable of suing and being sued, acquiring, owning, holding and developing or disposing of property.
• LLP may do and suffer such other acts and things as bodies corporate may lawfully do and suffer.

Target Groups

• Professionals (e.g Lawyers, Accountant & Company Secretaries)
• Small and medium sized businesses
• Joint ventures
• Venture capitals

We are able to provide a comprehensive LLP registration package including Annual LLP Services i.e. maintaining the LLP registers and statutory records, provision of registered office address, ensuring compliance with the relevant legal requirement and annual declaration to Registrar.