All Countries
Risk Management
Limited Liability Operating Agreement

Limited Liability Operating Agreement Template for Singapore

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Limited Liability Operating Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Limited Liability Operating Agreement

"I need a Limited Liability Operating Agreement for a new technology consulting LLP in Singapore with tHRee partners, where two partners will contribute equal capital of SGD 500,000 each, and the third partner will primarily contribute expertise and manage operations with a smaller capital contribution."

Celebrated by
Collaborations with
Investors
Document background
The Limited Liability Operating Agreement is essential when establishing an LLP in Singapore, providing the framework for partner relationships and business operations. This document is crucial for businesses seeking to combine partnership flexibility with limited liability protection under Singapore law. It details capital contributions, profit distribution, management structure, partner rights and obligations, and dissolution procedures. The agreement must comply with Singapore's Limited Liability Partnerships Act 2005 and ACRA requirements, making it suitable for professional services, trading companies, and various other business ventures requiring multiple partners with defined roles and responsibilities.
Suggested Sections

1. Parties: Identification and details of all partners/members

2. Background: Context and purpose of establishing the LLP

3. Definitions: Key terms used tHRoughout the agreement

4. Formation and Name: Details of LLP establishment and business name

5. Capital Contributions: Initial and ongoing capital requirements

6. Profit and Loss Distribution: Method of allocating profits and losses

7. Management Structure: Governance and decision-making processes

8. Partners' Rights and Obligations: Core responsibilities and entitlements

9. Meetings and Voting: Procedures for partner meetings and voting

10. Dissolution and Termination: Process for winding up the LLP

Optional Sections

1. Non-Competition: Restrictions on competitive activities - include when partners may have competing interests

2. Intellectual Property Rights: IP ownership and usage rights - include when LLP creates or uses significant IP

3. International Operations: Rules for foreign operations - include when operating across borders

4. Insurance Requirements: MaNDAtory insurance coverage - include for high-risk industries

Suggested Schedules

1. Schedule 1: Initial Capital Contributions: Detailed breakdown of partners' initial investments

2. Schedule 2: Profit Sharing Ratios: Specific percentages for profit distribution

3. Schedule 3: Management Structure: Detailed organizational chart and responsibilities

4. Appendix A: Partner Information: Detailed partner information and contact details

5. Appendix B: Business Plan: Initial business plan and objectives

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Act
Additional Capital Contribution
Agreement
ACRA
Applicable Law
Business
Business Day
Business Plan
Capital Account
Capital Contribution
Confidential Information
Default Event
Defaulting Partner
Effective Date
Encumbrance
Financial Year
Initial Capital Contribution
Intellectual Property Rights
LLP
Loss
Management Committee
Managing Partner
Material Breach
Member
Notice
Operating Procedures
Partner
Partnership Interest
Profit and Loss
Profit Sharing Ratio
Registered Office
Related Party
Reserved Matters
SGD
Singapore
Special Resolution
Transfer
Unanimous Resolution
Voting Rights
Winding Up
Clauses
Formation and Registration
Capital Contributions
Profit and Loss Distribution
Management and Control
Partner Rights and Obligations
Voting Rights
Transfer of Partnership Interest
Admission of New Partners
Withdrawal of Partners
Meetings
Financial Records and Accounting
Banking
Confidentiality
Non-Competition
Intellectual Property
Indemnification
Insurance
Dispute Resolution
Governing Law
Force Majeure
Termination
Dissolution and Winding Up
Notices
Assignment
Severability
Entire Agreement
Amendments
Further Assurance
Counterparts
Third Party Rights
Partner Death or Incapacity
Tax Matters
Industries

Limited Liability Partnerships Act 2005: Primary legislation governing the formation, registration, and regulation of LLPs in Singapore. Sets out basic statutory requirements for LLP structures.

Companies Act (Chapter 50): While primarily focused on companies, contains relevant principles that may be applicable to LLP structures and operations.

Partnership Act (Chapter 391): Contains fundamental partnership principles that may apply to LLPs in Singapore.

ACRA Requirements: Accounting and Corporate Regulatory Authority requirements for registration, compliance, and filing obligations for LLPs.

Income Tax Act: Legislation governing the tax treatment of LLPs and partner taxation requirements in Singapore.

Contract Law: Common law principles governing contract formation, rights, and obligations of parties in Singapore.

Employment Act: Legislation governing employment relationships if the LLP will have employees.

Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data by organizations in Singapore.

Competition Act: Legislation ensuring compliance with competition laws and fair business practices in Singapore.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Single Member Manager Managed LLC Operating Agreement

find out more

Real Estate Operating Agreement LLC

find out more

Operating Agreement For LLP

find out more

LLC Business Partnership Agreement

find out more

Multi Member Operating Agreement

find out more

Manager Managed Operating Agreement

find out more

Management Company Operating Agreement

find out more

Basic Operating Agreement

find out more

Operating Agreement For Incorporation

find out more

Operating Agreement For Corporation

find out more

Members Agreement For LLC

find out more

Management Agreement Between Two Companies

find out more

LLC Equity Agreement

find out more

Limited Liability Agreement

find out more

Limited Company Agreement

find out more

Joint Operation Contract

find out more

Joint Operation Agreement

find out more

Joint Operating Agreement

find out more

General Partnership Operating Agreement

find out more

Asset Protection LLC Operating Agreement

find out more

Limited Liability Company LLC Operating Agreement

find out more

Single Member Managed LLC Operating Agreement

find out more

Limited Liability Operating Agreement

find out more

Real Estate Holding Company Operating Agreement

find out more

Member Managed Operating Agreement

find out more

Operating Agreement For Member Managed Limited Liability Company

find out more

Limited Liability Company Operating Agreement Single Member

find out more

Bylaws Operating Agreement

find out more

LLC Shareholder Agreement

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.