Limited Partnerships regulations in Singapore Essay Sample

This essay sample is based on Limited Partnerships Regulations in Singapore. We shall be starting the topic with the definition of a limited partnership, as it is important to understand before moving any further in the sample essay. Moving on, we will be looking at the  Limited Partnership Act of Singapore as it provides the regulations related to the topic. Then we shall be looking at the process of registration for a limited partnership. So without further adieu, let us look into the definition of limited liability in the Singapore city-state.

Limited Partnerships Regulations in Singapore Essay, an example by our expert writers. If you want to download this essay or have any questions on how it works for your needs then contact us today!

Introduction- Limited Partnerships Regulations in Singapore Essay

In this sample essay, we shall be discussing the topic of “limited partnership regulation in Singapore”. The concept of partnership is quite common in business. Adding to that, a limited partnership is one of several different types of partnerships. Moreover, we will be looking at the same in detail. However, it should be noted that we will be discussing the topic in the context of Singapore.

Moving on, for students of business, MBA, BBA, and so on; this concept is of great importance. Therefore we shall be providing you all the information you need, painting a clear picture of the concept. In order to do that, we shall divide this sample essay into several parts. Furthermore, the things we will be discussing in this sample essay are as mentioned below:

Main body- Limited Partnerships Regulations in Singapore Essay

What is a limited partnership in Singapore?

A limited partnership which is often referred to as LP is a form of partnership that consists of at least two partners. Moreover, there are two types of partners in this form. Namely; general partner and limited partner.

The general partner holds absolute power over the business, managing all operations and functions. While on the other hand Limited partner does not interfere with the business operation. In fact, the limited partner just invests in the business.  Therefore, the general partner has unlimited liability, similar to a sole proprietorship. Meanwhile, limited partners only suffer the liability of investment amount.

Moving on, LP is a form of investment partnership. As a result, it is often used as a vehicle for business investment in the city-state of Singapore.  Furthermore, an LP is not considered a separate entity under the legal system of Singapore. Consequently, it will sue or be sued in name of the owners.

Limited Partnership act of Singapore

The Limited partnership act of the Singapore city-state is the main law that governs over the limited partnership. In addition, this act provides the regulations for working of the limited partnerships within the Singapore city-state. It also provides the scope of the business as well as what can be or can not be considered as LP.

For instance, regulation 12 of this act mentions that: a limited partnership creates a fund for investing operations. Moreover, a “licensed fund manager” has to hired or appointed by the business for the management of funds.

Furthermore, it also holds the criterion that needs to be fulfilled to be considered LP. As the name suggests, this act is specific to the LP form of business. Nevertheless, this act is quite an important part of the business sector in Singapore. In fact, there is no scope for LP without this act.

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The registration process for limited partnership in Singapore

Registering any business in Singapore is fairly easy. This is because of the government’s online portal for the registration of business. Consequently, the process of registering a limited partnership is also quite simple.

One can go to the online portal of registration or go to a filing agent for registration.  Moreover, there are some documents and compliances that need to be fulfilled before registering the business.

Conclusion:

The Singapore government has been working hard to create a fair and equitable regulatory framework for limited partnerships. With the new regulations in place, there are many advantages that LPs will be able to take advantage of including more flexibility with investor structures and streamlined reporting requirements. Be sure you’re aware of these changes so your business can thrive!

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