I'm evaluating whether structuring my small cafe business as a company or a LLP would be better. I will be the manager of the business, running it on a day to day basis and I will have 1 or 2 silent partners / investors who will be investing in the startup cost but not involved in any management or operations.
I'm leaning towards registering as a LLP due to the lower cost, lower tax, simpler operations, and limited liability. I do have some concerns about some legal aspects of LLP that I'm not sure will be the best arrangements for silent partnerships:
BTW I'm from Singapore, here is a reference on legalities of LLPs in my local context:
http://www.guidemesingapore.com/incorporation/other/singapore-llp-registration-guide Would really appreciate some advice if a LLP or company would be the best way to go for my situation. Thanks!