Partnership

A partnership is a business firm formed by two to 20 partners. Once there are more than 20 partners, the partnership must be registered as a company under the Companies Act, Chapter 50. A partnership is not a separate legal entity and therefore partners have unlimited liability. Partners can be personally liable for a partnership’s debts and losses incurred by other partners.

Interested in Partnership?

Asia Focus – July 2019

  • Singapore to launch new corporate structure for investment funds
  • Hong Kong grants first virtual banking licenses
  • Singapore crowned as world’s most competitive economy
  • China strengthen protections for trademark rights and trade secrets
  • When is a trust not a trust?
  • The benefits of outsourcing your payroll
  • Sovereign welcomes Caring Company status in HK
  • Escrow services now offered by Hong Kong office

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Sovereign Trust (Gibraltar) Limited
Tel: +350 200 76173