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A Singapore Citizen, Singapore Permanent Resident or EntrePass holder can be a Partner of the Partnership If the Partner...
Minimum age for Partner to set up a Partnership Firm in Singapore?
A person aged 18 years or above can be a Partner of the Partnership.
Can Partnership Firm own property?
The Partnership firm cannot own property in its (Partnership’s) name.
Liability of Partnership Firm?
Partners in the Partnership firm are having unlimited liability. Partners are personally liable for partnership’s debts...
Legal identity of Partnership Firm?
Partnership is not a separate legal entity. The Partners are the owners of the Partnership according to their compositio...
If above 20 partners in a Partnership Firm? Above 20 partners in a Partnership Firm?
A partnership of more than 20 partners must incorporate as a company under the Companies Act, Chapter 50 (except for pro...