A partnership consisting of two or more persons, with at least one general partner and one limited partner. General Part...
LP is suitable for? Limited Partnership is suitable for?
Flexibility for allowing a diversification of a portfolio.
Purpose of Limited Partnership (LP)?
Itβs often used as investment vehicle for large projects requiring substantial source of cash. Itβs also Β set up to prov...
Closing of Partnership.
The Partners can choose to cease the business. Dissolution: A partnership will automatically be dissolved should any par...
Closing the sole proprietorship
A sole-proprietorship business will cease when the proprietor either dies or otherwise ceases to carry on business. The ...
Can I appoint Manager to Partnership Firm in Singapore?
Yes. You can appoint Manger to your Partnership firm. AΒ partnership managerΒ is the person responsible of the day-to-day ...