Lanturn Logo

Back to Glossary

Limited Partnership (LP)

A Limited Partnership (LP) is a partnership made up of two or more partners, wherein a general partner oversees and runs the business while bearing unlimited liability for the debt. On the otherhand, limited partners do not partake in managing the business and bearing limited liability up to the amount of their investment.

Related Articles

INCORPORATION, FOR FOUNDERS

How to Ensure Compliance with Singapore's Business Licence Regulations

July 2023

IMMIGRATION

PEP Pass 2023 Updates

July 2023

INCORPORATION, FOR FOUNDERS

The Different Types of Business Licences Available in Singapore

July 2023