Number of Limited Partnerships Registered under Limited Partnerships Act

Mrs Lina Chiam asked the Deputy Prime Minister and Minister for Finance from 2011 to 2014, how many limited partnerships were registered under the Limited Partnerships Act.

Mr Tharman Shanmugaratnam: The following table shows the number of limited partnerships (LPs) 6 registered from 2011 to 2014.

Note(s) to Question No(s) :

6 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.