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.
|START A NEW LIMITED PARTNERSHIP|
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.