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Founder Institute Incorporation - Samuel Seow (10 May 2010)

Founder Institute Incorporation - Samuel Seow (10 May 2010)

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Published by: Founder Institute on May 11, 2010
Copyright:Attribution Non-commercial

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05/11/2010

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INTRODUCTION TO CORPORATE STRUCTURES IN SINGAPORE10 May 2010
 
Businesses
Under the Business Registration Act, "business"includes every form of trade, commerce,craftsmanship, calling, profession and any activitycarried on for the purposes of gain
A business firm canbe either a
sole proprietorship
,a
partnership
or a
limited partnership
.
 
 Typ
es of businesses
S
ole Proprietorship
A sole proprietorship is a business firm owned byone person or one company. There are no partners.The sole proprietor has absolute say in the runningof the business firm.
Partnership
Partnerships may have between
two to twentypartners
. Once there are more than twentypartners, the business entity must be registered as acompany under the Companies Act, Cap.50

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