Compliance upholds your company’s integrity and ensures it’s recognized by law.
Safeguard your personal wealth and protect what matters most with limited liability.
The financial risks of the business are distributed among the partners, reducing individual exposure.
Partners are often more motivated to succeed due to their direct stake in the business.
Partnerships are generally easier to set up compared to corporations, with fewer legal formalities.
Ordinary Partnership: This is the most common type, where partners share profits and losses in proportion to their capital contributions. Limited Partnership: In this type, there are at least one general partner with unlimited liability and one or more limited partners with limited liability.
A Partnership Deed is a legal agreement that outlines the terms and conditions of the partnership, including the names of partners, capital contributions, profit-sharing ratio, responsibilities, and dispute resolution mechanisms.
Limited liability for limited partners (in limited partnerships)
Easy formation and management
Flexibility in decision-making
Shared risks and responsibilities