As limited liability companies or private limited companies in Singapore are limited by shares, this means that the shareholders are not liable for its debts or losses beyond the amount of share capital they have invested in the company. The personal wealth and personal assets are not at risk as they are protected, by the definition of a limited liability. It is also a separate legal entity which means it will still be subjected to taxation.
The choice of company type has the potential to affect the tax rates and statutory compliance that will become applicable to the proposed business entity after the registration. It may also impose restrictions on the ability of the business to raise capital for the future expansion of its business activities and hence it is imperative to make an informed decision on the choice of company structure for your venture.
This article compares both Singapore LLC and LLP to help you understand the differences as well as to find which option best suits your business.

For more information read this link:

http://precursor.com.sg/llp-vs-llc-singapore-one-better/

LLP Vs. LLC In Singapore Which One Is Better

Alex Kim