Parliamentary Replies
Number of Limited Partnerships Registered Under Limited Partnerships Act
Topics
ACRA
13 July 2015
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
Parliamentary Question by Mrs Lina Chiam:
To ask the Deputy Prime Minister and Minister for Finance from 2011 to 2014, how many limited partnerships were registered under the Limited Partnerships Act.
Reply by Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam:
The following table shows the number of limited partnerships (LPs)[1] registered from 2011 to 2014.
Table caption
2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
Number of new LPs registered | 38 | 53 | 56 | 98 |
Total number of live LPs on the Accounting and Corporate Regulatory Authority’s register | 91 | 112 | 134 | 188 |
---
[1] An LP is a partnership consisting of at least one general partner and one limited partner. An LP is not a separate legal entity from its partners, i.e. it cannot sue or be sued in its own name. A general partner is responsible for the actions of an LP and is liable for all debts and obligations of the LP. A limited partner is not liable for the debts and obligations of the LP beyond the extent of his investment, provided he does not take part in the management of the LP.