Overview of managing a limited partnership (LP)
Get everything you need to know about managing an LP in a single place, from key requirements to popular resources.
Last updated 31 January 2026
On this page
After registration
Use our post-registration guide to check:
Immediate next steps required, such as applying for Corppass, licenses and permits
What you need to do before you start operations
Ongoing management
Check the key requirements that you need to comply with.
Key compliance requirements
Ongoing requirements
Requirement | What you need to do |
|---|---|
Top up your CPF Medisave accounts | If you are self-employed and earn over $6,000 a year, you need to either:
Consequences: If you or your partners have outstanding payments, your business registration may be cancelled early. You will not be able to renew your business registration too. Log in to CPF's self-employment dashboard to:
More details: Saving under the Self-Employed Scheme |
You must renew your registration every one or three years to keep your business active. Tip: Set reminders to renew your registration. You can renew it up to 60 days before it expires. | |
Keep your business information updated | Update your LP information within 14 days of any change. Penalty: Late lodgement penalties |
Display these details on your invoices and official correspondence:
| Examples include:
|
Tip: Check our list of common offences and view the latest prosecution highlights to learn about serious breaches of ACRA-administered legislation.
Bizfile guides and fees
For LPs
Topic | Guides and information |
|---|---|
Bizfile fees | |
Resignations by key position holders | If you are a partner or manager of an LP, you can notify ACRA directly if:
How to notify: Use the General lodgement eService to notify ACRA. Cost: Free |
Automatic changes to LP registration | Your LP registration may automatically change when partners join or leave. More details: Converting & restoring a Limited Partnership (LP) registration |
Converting or closing your LP
Find out how to:
Featured tools and resources
Buying business information
Explains the ways to get business information from ACRA, how to conduct basic risk assessments, and available products.
Guides and forms for businesses
View our full list of guides, forms and templates, including step-by-step guides and tips to help you use Bizfile easily.
Reports and publications
Browse industry insights, research reports, and case studies for your LP.
Gazettes for striking off status
If you've applied to strike off your business, you can check the gazette records for updates.