An LLP combines the flexibility of a traditional partnership with the protection of limited liability. This means partners are not personally responsible for debts or losses caused by other partners, making it a popular choice for professional service providers such as consultants, lawyers, and architects.

• Minimum of 2 partners (individuals or corporate bodies, both must be at least 18 years old)
• At least 1 manager who is a Singapore resident and not disqualified under the Companies Act
• No maximum limit on the number of partners

-Flexible structure suitable for professional practices

-Limited liability protection for partners

-Simple compliance requirements compared to a company