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Incorporation refers to a process which legally declares the business as a corporation. After the process, an incorporated business can already exercise the rights similar to that of an individual. In spite of some differences, it nonetheless enjoys more than a few benefits after receiving a state charter. The charter by the way, pertains to the document issued by the authority in an incorporation process. It defines the rights which the incorporated business in question can lawfully exercise. In addition, the articles of association on the other hand refer to the documents that contain significant information such as the company's operations, purpose, governance as well as a regulation.
The Singapore law declares that a business must incorporate itself as a company if it has over 20 members under its roster. The exception to this rule applies to the partnership of individuals whose professional practice is governed by the Legal Profession Act.
Company registration or company formation as it's otherwise called comes with substantial advantages. The list of advantages includes limited liability. In contrast to sole proprietorship and partnership, restriction with respect to the amount of paid-up capital applies. Company formation in Singapore also adds considerable tax savings to the list of its benefits.
Businesses who want to enjoy such benefits may find assistance in the form comprehensive services for company registration. They take the form of the service provider who delivers reliable as well as affordable assistance that require minimal effort from the client's end. In fact, the basic requirements it will ask of the customer include the proposed company name, specification of business activities, paid-up, registered office address, directors' and shareholders' names and specifics, copy of their passport or identification card plus contact details.
This will only take 2 working days. Following the company name reservation and registration, a newly incorporated business gains more confidence in taking risks since it will not place its owners', directors' and shareholders' financial liability at stake. Those risks it will take may even bring much more success to it.
The Singapore law declares that a business must incorporate itself as a company if it has over 20 members under its roster. The exception to this rule applies to the partnership of individuals whose professional practice is governed by the Legal Profession Act.
Company registration or company formation as it's otherwise called comes with substantial advantages. The list of advantages includes limited liability. In contrast to sole proprietorship and partnership, restriction with respect to the amount of paid-up capital applies. Company formation in Singapore also adds considerable tax savings to the list of its benefits.
Businesses who want to enjoy such benefits may find assistance in the form comprehensive services for company registration. They take the form of the service provider who delivers reliable as well as affordable assistance that require minimal effort from the client's end. In fact, the basic requirements it will ask of the customer include the proposed company name, specification of business activities, paid-up, registered office address, directors' and shareholders' names and specifics, copy of their passport or identification card plus contact details.
This will only take 2 working days. Following the company name reservation and registration, a newly incorporated business gains more confidence in taking risks since it will not place its owners', directors' and shareholders' financial liability at stake. Those risks it will take may even bring much more success to it.
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Click for further information on Business incorporation or Business registration.. Free reprint available from: Incorporation As A Step Up For The Venture.
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