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$175 ($15 name application $175 ($15 name application $175 ($15 name application
fee and $160 registration fee and $160 registration fee and $160 registration
fee) for 3-year registration fee) for 3-year registration fee) for 3-year registration
Taxes Profits taxed at owner’ Profits taxed at partners’ Profits taxed at partners' Profits taxed at partners’ Profits taxed at corporate
personal income tax rates personal income tax rates personal income tax rates (if personal income tax rates (if tax rates
individual)/ corporate tax individual)/ corporate tax
rate (if corporation) rate (if corporation)
Continuity in Exists as long as the owner is Exists subject to partnership Exists subject to partnership The LLP has perpetual A company has perpetual
Law alive and desires to continue agreement agreement succession until wound up succession until wound up
the business or struck off. or struck off.
If there is no limited
partner, the LP registration
will be suspended and
general partners are
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Copyright © Accounting and Corporate Regulatory Authority 2019. All rights reserved.
Sole-Proprietorship Partnership Limited Partnership Limited Liability Partnership Company
deemed registered under
the Business Registration
Act.
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Copyright © Accounting and Corporate Regulatory Authority 2019. All rights reserved.