What is a Sole Proprietorship Legality The business is not a separate legal entity from the owner. This means that the owner will have to assume responsibility of any failings or debts accumulated by the company. Under the law and public eye, the company and the owner are one entity. Taxes The Inland Revenue Authority […]
read moreBecoming an entrepreneur is one of the most exciting journeys a young professional can take on. In fact, seeing your vision develop into a business is a rewarding accomplishment for aspiring business owners. Finally seeing your own products or service on the market is a milestone that many professionals hope to reach. However, the staircase […]
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To start, Singapore is a free-market economy. This means that good and services are priced based on the willingness of the consumers, not the government. Supply and demand are not intervened at all by the government either. Free Trade When it comes to free trade, Singapore is known as the most open in the world. […]
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The Competition & Consumer Commission of Singapore (CCCS), is set to enhance the competitiveness in Singapore. Singapore has many strict rules in regards to competition. It is an organization’s job to follow them, to avoid any trouble. The Act has three sections that establish competition. As explained below in further detail. The CCCS enforces the […]
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A lot of businesses in Singapore actually do not need a license. However, these exceptions include mandatory, occupational and business-based licenses. Oftentimes, a license can take from a few days to two weeks or as late as two months. Make sure you plan ahead of time when you want your license. Certain licenses may take […]
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Every new entrepreneur has one thing in common—the need for money. A popular way to gain capital for your startup is to recruit investors. Whether you are pitching your company to a friend, an associate, or a complete stranger, these eight simple tips will help ensure that investors will be interested in your business. 1. […]
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Today, any college student would tell you that going to a university isn’t the golden ticket to getting a good job anymore. Internships and work experience are the most effective ways to get a job post graduation. But What is the best way to find an intern? What are the benefits of having an intern […]
read moreSetting up a private limited company in Singapore is an excellent option for the startups and small business owners. It provides them with limited personal liability, credible brand image, ability to raise funds for future expansions, access to tax exemption schemes, etc. And, a Pte Ltd, unlike a proprietorship or partnership, has perpetual existence.
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When you are incorporating your company, you have to select your business structure. It is paramount that you understand what each business structure entails and the advantages and disadvantages of each of them. In this article, we will help you examine the three main business structures and aid you in making the correct decision for your business.
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All set and ready to go? The next step would be to make it all official by incorporating your business and turn it into a legal entity! But you may have a question in mind. Why should I incorporate my business? Why can’t I continue doing business without incorporating it? Well, in this article, we […]
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