Learn everything you need to know about registering and operating different types of Partnerships in Singapore - flexible business structures for multiple owners.
A Partnership is a business structure where two or more parties come together to carry on business with a view to profit. In Singapore, there are three main types of partnerships, each offering different levels of liability protection and operational flexibility.
Between 2-20 partners for most partnership types
Partners share management and decision-making
Profits and losses shared among partners
Formal agreement governing partnership terms
Choose the right partnership structure for your business
Traditional partnership with unlimited liability for all partners
Small businesses, professional services, family businesses
Partnership with general and limited partners
Investment funds, real estate ventures, capital-intensive businesses
Partnership with limited liability protection for all partners
Professional firms, law firms, accounting firms, consultancies
Essential requirements to register your Partnership
Why choose Partnership structure
Pool together capital, skills, and expertise from multiple partners
Greater capacity for business expansion with multiple partners
Business risks and responsibilities shared among partners
Benefit from different skills and perspectives of partners
Pass-through taxation - profits taxed at partner level
More operational flexibility compared to corporations
General partners have unlimited personal liability (except LLP)
Potential for disagreements and conflicts between partners
Partnership may dissolve if a partner leaves or dies
Partners liable for each other's business actions
Requires detailed partnership agreement to avoid disputes
Simple steps to register your Partnership
Decide between General Partnership, Limited Partnership, or LLP
Check name availability and reserve through ACRA's portal
Draft partnership agreement and gather required documents
File registration application through ACRA's BizFile+ portal
Pay applicable fees and receive certificate of registration
Stay compliant with Singapore regulations
File annual declaration with ACRA by 30th April each year
Notify ACRA of any changes in partners, business address, or activities within 14 days
Maintain proper accounting records and financial statements
File partnership tax returns and individual partner tax returns
LLPs must file annual returns with detailed financial information
Our experts can help you stay compliant with all ongoing requirements and deadlines.
Get Compliance SupportLet our expert team help you choose the right partnership structure and register quickly.