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We provide a comprehensive range of professional services related to business formation. Our full line of company formation services is listed below.<\/p>\n
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View more<\/a>[\/vc_column_text][\/vc_column][vc_column width=”1\/3″ css=”.vc_custom_1451766722338{margin-bottom: 35px !important;}”][vc_single_image image=”71258″ img_size=”345X170″ onclick=”custom_link” css_animation=”bottom-to-top” link=”http:\/\/factory.commercegurus.com\/solutions\/agricultural-processing\/” css=”.vc_custom_1489504205001{border-bottom-width: 0px !important;}”][vc_column_text css=”.vc_custom_1489586459836{margin-top: -15px !important;margin-bottom: 20px !important;padding-right: 5px !important;}”]<\/p>\n View more<\/a>[\/vc_column_text][\/vc_column][vc_column width=”1\/3″ css=”.vc_custom_1451766735451{margin-bottom: 35px !important;}”][vc_single_image image=”71259″ img_size=”345X170″ onclick=”custom_link” css_animation=”bottom-to-top” link=”http:\/\/factory.commercegurus.com\/solutions\/agricultural-processing\/” css=”.vc_custom_1489504196134{border-bottom-width: 0px !important;}”][vc_column_text css=”.vc_custom_1489586494425{margin-top: -15px !important;margin-bottom: 20px !important;padding-right: 0px !important;}”]<\/p>\n View more<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”container” padding_top=”” padding_bottom=”” css=”.vc_custom_1489499000324{margin-bottom: 0px !important;}”][vc_column width=”1\/3″ css=”.vc_custom_1451766709466{margin-bottom: 35px !important;}”][vc_single_image image=”71260″ img_size=”345X170″ onclick=”custom_link” css_animation=”bottom-to-top” link=”http:\/\/factory.commercegurus.com\/solutions\/agricultural-processing\/” css=”.vc_custom_1489504186959{border-bottom-width: 0px !important;}”][vc_column_text css=”.vc_custom_1489586513996{margin-top: -15px !important;margin-bottom: 20px !important;padding-right: 5px !important;}”]<\/p>\n [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":" [vc_row type=”container” padding_top=”” padding_bottom=”” css=”.vc_custom_1449576470084{margin-bottom: 0px !important;}”][vc_column][vc_column_text] Company Formation Services We provide a comprehensive range of professional services related to business formation. Our full line of company formation services is listed below. Incorporating of a private company limited by shares or guarantee in Singapore Registration of sole proprietorship in Singapore Registration of partnership in Singapore […]<\/p>\n","protected":false},"author":1,"featured_media":70778,"parent":0,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"page-full-width.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-147","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nSole Proprietorship<\/strong><\/a><\/h4>\n
A sole-proprietorship is a business owned by one person or one company. There are no partners. The sole-proprietor has absolute say in the running of the business.<\/h6>\n
Limited Liability Partnership<\/strong><\/a><\/h4>\n
A Limited Liability Partnership (LLP) is a vehicle for doing business in Singapore. An LLP gives owners the flexibility of operating as a partnership while having a separate legal identity<\/h6>\n
Foreign Company Setup<\/strong><\/a><\/h4>\n
Foreign companies wishing to setup a presence in Singapore can choose to register a Branch Office, Subsidiary Company, or a Representative Office.<\/h6>\n
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\n \n<\/th>\n Companies<\/th>\n Sole Proprietorship<\/th>\n Partnership<\/th>\n Limited Liability Partnerships<\/th>\n<\/tr>\n<\/thead>\n \n Legal Status<\/td>\n A legal person (can enter into contracts, hold property, sue and be sued and exist irrespective of change of shareholders)<\/td>\n Not a legal person<\/td>\n Not a legal person<\/td>\n A legal person (can enter into contracts, hold property, sue and be sued and exist irrespective of change of partners)<\/td>\n<\/tr>\n \n Number of owners\/ shareholders<\/td>\n Minimum \u2013 1 director and 1 shareholder<\/td>\n 1<\/td>\n Minimum – 2 Maximum – 20 (except for professional firm)<\/td>\n Minimum – 2 Maximum \u2013 no maximum number of partners<\/td>\n<\/tr>\n \n Liability of owner\/ shareholder<\/td>\n Limited \u2013 the shareholder is not liable for the debts of the company<\/td>\n Sole proprietor has unlimited liabilities<\/td>\n Partners have unlimited liabilities<\/td>\n Not personally liable for the conduct of other partners or transactions or liabilities of the LLP unless is for his own wrongful acts or negligence<\/td>\n<\/tr>\n \n Suitable For<\/td>\n Businesses with projected growth, which may require additional funding for expansion<\/td>\n Individual with low risk<\/td>\n Professional firms such as accountancy, law and architecture<\/td>\n Professional firms such as accountancy, law and architecture<\/td>\n<\/tr>\n \n Advantages<\/td>\n Tax exemptions \u2013 first S$100,000 of net profit each year is tax-free and the next S$200,000 taxed at 8.5 percent for the first three years<\/td>\n Low cost<\/td>\n Low cost<\/td>\n Low cost setup with limited liability protection<\/td>\n<\/tr>\n \n Disadvantages<\/td>\n Compliance obligations such as financial reports, AGMs, etc<\/td>\n Personal assets not protected<\/td>\n Taxed at the individual level and requires paying a personal income tax rate that is higher than the corporate tax rate<\/td>\n Taxed at the individual level and requires paying a personal income tax rate that is higher than the corporate tax rate<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n