The Operating Agreement For LLP serves as the fouNDAtional document for Limited Liability Partnerships in Singapore, essential when establishing a new LLP or modifying an existing partnership structure. This document is crucial for businesses seeking to combine the flexibility of a partnership with limited liability protection under Singapore's legal framework. It addresses key aspects including capital contributions, profit distribution, management rights, decision-making processes, and partner obligations, while ensuring compliance with the Limited Liability Partnerships Act 2005 and related Singapore regulations.
Create a bespoke document in minutes, or upload and review your own.
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:
Operating Agreement For LLP
"I need an Operating Agreement for LLP in Singapore for a new technology consulting partnership between tHRee founding partners, with specific provisions for intellectual property rights and a complex profit-sharing structure based on both capital contribution and billable hours."
1. Parties: Identification and details of all partners forming the LLP
2. Background: Context and purpose of forming the LLP
3. Definitions: Key terms used tHRoughout the agreement
4. Formation and Name: Details of LLP formation and business name
5. Capital Contributions: Initial and subsequent capital contributions by partners
6. Profit and Loss Distribution: Method of allocating profits and losses
7. Management Structure: Governance and decision-making framework
8. Partners' Rights and Obligations: Core responsibilities and entitlements of partners
9. Meetings and Voting: Procedures for partner meetings and voting mechanisms
10. Term and Termination: Duration of the agreement and conditions for termination
11. Governing Law and Jurisdiction: Specification of Singapore law as governing law and jurisdiction
1. Non-Competition: Restrictions on partners' competing activities during and after partnership
2. Intellectual Property Rights: Ownership and use of intellectual property within the LLP
3. International Operations: Rules and procedures for international business activities
4. Confidentiality: Obligations regarding confidential information and trade secrets
5. Data Protection: Compliance with Personal Data Protection Act and data handling procedures
1. Schedule 1: Initial Capital Contributions: Detailed breakdown of partners' initial investments and contributions
2. Schedule 2: Partner Contact Information: Contact details and addresses of all partners
3. Schedule 3: Business Plan: Initial business plan and objectives of the LLP
4. Appendix A: Voting Procedures: Detailed voting mechanisms and requirements for different types of decisions
5. Appendix B: Profit Distribution Formula: Detailed calculation method for profit sharing among partners
Authors
Relevant legal definitions
Act
Additional Capital Contribution
Agreement
Assets
Business
Business Day
Business Name
Business Plan
Capital Account
Capital Contribution
Confidential Information
Default Event
Defaulting Partner
Effective Date
Encumbrance
Financial Year
Initial Capital Contribution
Insolvency Event
Intellectual Property Rights
LLP
Managing Partner
Material Breach
New Partner
Operating Expenses
Partner
Partnership Interest
Partnership Property
Profit and Loss
Registrar
Regulatory Requirements
Reserved Matters
Resolution
SGD
Singapore
Special Resolution
Transfer
Transferee
Withdrawal Notice
Working Capital
Additional Capital Contribution
Agreement
Assets
Business
Business Day
Business Name
Business Plan
Capital Account
Capital Contribution
Confidential Information
Default Event
Defaulting Partner
Effective Date
Encumbrance
Financial Year
Initial Capital Contribution
Insolvency Event
Intellectual Property Rights
LLP
Managing Partner
Material Breach
New Partner
Operating Expenses
Partner
Partnership Interest
Partnership Property
Profit and Loss
Registrar
Regulatory Requirements
Reserved Matters
Resolution
SGD
Singapore
Special Resolution
Transfer
Transferee
Withdrawal Notice
Working Capital
Clauses
Formation and Registration
Business Name and Place of Business
Term and Duration
Capital Contributions
Additional Capital
Capital Accounts
Profit and Loss Distribution
Management Rights
Voting Rights
Partner Meetings
Decision Making
Reserved Matters
Partner Duties
Confidentiality
Non-Competition
Intellectual Property
Banking and Finance
Books and Records
Audit Rights
Admission of New Partners
Transfer of Partnership Interest
Withdrawal of Partners
Expulsion of Partners
Death or Incapacity
Partner Retirement
Default Events
Dispute Resolution
Termination
Dissolution
Winding Up
Indemnification
Insurance
Notices
Amendment Procedures
Governing Law
Force Majeure
Business Name and Place of Business
Term and Duration
Capital Contributions
Additional Capital
Capital Accounts
Profit and Loss Distribution
Management Rights
Voting Rights
Partner Meetings
Decision Making
Reserved Matters
Partner Duties
Confidentiality
Non-Competition
Intellectual Property
Banking and Finance
Books and Records
Audit Rights
Admission of New Partners
Transfer of Partnership Interest
Withdrawal of Partners
Expulsion of Partners
Death or Incapacity
Partner Retirement
Default Events
Dispute Resolution
Termination
Dissolution
Winding Up
Indemnification
Insurance
Notices
Amendment Procedures
Governing Law
Force Majeure
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Single Member Manager Managed LLC Operating Agreement
A governing agreement for a single-member private limited company in Singapore, structured to function similarly to a US-style LLC.
find out more
Real Estate Operating Agreement LLC
A Singapore-law governed agreement establishing operational framework for real estate LLC management and member relationships.
find out more
Operating Agreement For LLP
A legal document establishing the governance framework for a Limited Liability Partnership under Singapore law, defining partner relationships and operational structure.
find out more
LLC Business Partnership Agreement
A Singapore-law governed agreement establishing the terms and structure of an LLC partnership between multiple parties.
find out more
Multi Member Operating Agreement
A Singapore-law governed agreement establishing the structure and governance framework for multi-member limited liability companies.
find out more
Manager Managed Operating Agreement
A Singapore-compliant legal agreement establishing the management and operational framework for a manager-managed company structure.
find out more
Management Company Operating Agreement
A Singapore-law governed agreement establishing the operational framework and governance structure for a management company.
find out more
Basic Operating Agreement
A fouNDAtional document under Singapore law that establishes the operational framework and governance structure for a business entity.
find out more
Operating Agreement For Incorporation
A Singapore-compliant legal document establishing the governance structure and operational framework for a newly incorporated company.
find out more
Operating Agreement For Corporation
A Singapore-compliant corporate governance framework establishing operational and management protocols for corporations.
find out more
Members Agreement For LLC
A legally binding agreement governing member relationships and operations in a Singapore-based LLC, compliant with local company law.
find out more
Management Agreement Between Two Companies
A Singapore-law governed agreement establishing terms for management services between two companies.
find out more
LLC Equity Agreement
A legal agreement governing equity ownership and transfer in Singapore LLCs, compliant with Singapore Companies Act and related legislation.
find out more
Limited Liability Agreement
A Singapore-law governed agreement establishing liability limitations and risk allocation between contracting parties.
find out more
Limited Company Agreement
A Singapore-governed agreement establishing the framework for operating and managing a private limited company.
find out more
Joint Operation Contract
A Singapore-law governed agreement establishing terms for joint business operations between multiple entities while maintaining their separate legal identities.
find out more
Joint Operation Agreement
A Singapore-law governed agreement establishing the framework for joint business operations between multiple parties, defining their rights, responsibilities, and operational structure.
find out more
Joint Operating Agreement
A contractual framework under Singapore law governing joint operations between multiple parties, establishing rights, obligations, and management procedures.
find out more
General Partnership Operating Agreement
A Singapore-law governed agreement establishing the framework for operating a general partnership, defining partners' rights and responsibilities.
find out more
Asset Protection LLC Operating Agreement
A Singapore-compliant operating agreement establishing an asset protection structure with governance framework and protective measures.
find out more
Limited Liability Company LLC Operating Agreement
A Singapore-compliant operating agreement establishing the governance structure and member rights for a private limited company.
find out more
Single Member Managed LLC Operating Agreement
A governing document for single-owner private limited companies in Singapore, establishing operational and management frameworks under Singapore law.
find out more
Limited Liability Operating Agreement
A Singapore-law governed agreement establishing the operational framework and partner relationships within a Limited Liability Partnership.
find out more
Real Estate Holding Company Operating Agreement
A Singapore-law governed operating agreement establishing the structure and governance of a real estate holding company.
find out more
Member Managed Operating Agreement
A Singapore-compliant legal agreement establishing governance and operational framework for member-managed Limited Liability Partnerships.
find out more
Operating Agreement For Member Managed Limited Liability Company
A legal document governing the operation and management of a member-managed LLC under Singapore law.
find out more
Limited Liability Company Operating Agreement Single Member
A Singapore-governed operating agreement establishing the structure and rules for a single-member limited liability company.
find out more
Bylaws Operating Agreement
A Singapore-law governed document establishing internal management rules and operational framework for company governance.
find out more
LLC Shareholder Agreement
A legally binding agreement governing shareholder relationships in a Singapore Private Limited Company, aligned with Singapore corporate law.
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.
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.