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A Limited Partnership (LP) is a partnership consisting of a minimum of two partners, with at least one general partner and one limited partner. A LP does not have a separate legal entity from the partners, i.e. it cannot sue or be sued or own property in its own name. A general partner is responsible for the actions of a LP and is liable for all debts and obligations of the LP. A limited partner is not liable for debts and obligations of the LP beyond his agreed contribution, provided he does not take part in the management of the LP.
The first step is to choose a name for the LP and then register the LP. This can be done in two stages or all at one go.
There is now the option of purchasing a Special UEN (Unique Entity Number) for your LP where you choose the numbers. A UEN is your LP's unique identification number that will be used in all interactions with government agencies.