Achi Biz > FAQs > Registration-Incorporation of Entity > Disadvantages of Limited Liability Partnership (LLP) in Singapore.

Disadvantages of Limited Liability Partnership (LLP) in Singapore.

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Disadvantages of Limited Liability Partnership (LLP) in Singapore.

Disadvantages / Cons of a Limited Liability Partnership (LLP) in Singapore:

Profits are taxed are based on the owner’s income level – this means that as the owner’s income level increases, taxes increase as well due to Singapore’s progressive tax system
Not eligible for Government funded micro loans