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Is a Limited Liability Partnership (LLP) better than a Traditional Partnership?

Singapore company registration for incorporating a limited liability partnership (LLP) is useful for professionals who have enough experience and the urge to be entrepreneurs. If you are thoroughly bored with the 9 A.M. to 5 P.M. office routine then why don’t you find a like-minded partner and form a Limited Liability Partnership (LLP) in Singapore to cash on your combined experience from divers fields. SBS Consulting can help you with this task. Two or more professionals or corporate entities or LLCs can come together and form a Singapore company in the shape of an LLP.   Why Form a...

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Everything you need to know about Setting up a Sole-Proprietorship in Singapore

Setting up a sole-proprietorship in Singapore is perhaps the simplest process of all the incorporation processes. This is because sole-proprietorship is the simplest and the most flexible type of business structure a person can incorporate.   Few Facts about Registering a Sole-Proprietorship It does not have a separate legal identity, but it covers all the compliances required to be met, to carry out any type of profit-generating activities in Singapore. Moreover, the business owner remains accountable for the liabilities and debts incurred by the business. In the majority of cases, the...

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Pros and Cons of Incorporating a Private Limited Company

You can incorporate a private limited company in Singapore with ease. It is as per the Singapore Companies Act, Chapter 50. You need to register it with the Accounting and Corporate Regulatory Authority (ACRA), the Company Registrar of Singapore. A private limited company also called as Pte Ltd, is a dynamic and scalable business structure. Unlike other types of businesses that you can register in Singapore, like a sole-proprietorship or partnership, Pte Ltd has a separate legal identity from its owners or shareholders. A private limited company can sue or be sued under its own name in...

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Introduction to the Types of Companies that can be Locally Incorporated in Singapore

Singapore has a pro-business atmosphere for new entrepreneurs. Its political environment and bureaucracy are all geared to encourage the incorporation of new businesses in Singapore. In the same spirit, the corporate tax rates are also maintained at a competitive level.   Singapore Business Structures for Individuals Generally, an individual owner can register a Singapore business in three ways. The business structures they can use are: Private Limited Company Limited Liability Partnership Sole Proprietorship These business structures come with different working parameters and Singapore...

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Singapore Accounting Implements Efficient Payroll Services for Business Owners

“Preparing, maintaining and reporting of accurate payroll records and other related activities are painstaking and time consuming tasks. It is mandated by the IRAS for every Singapore business concern. It is best for the most of the Small and Medium Enterprises (SMEs), to outsource it to the payroll services in Singapore,” said Ms. Meena, the business head of Accountingservice.com.sg. “In a big concern or company, payroll management becomes a joint operation between HR and Finance department. With proper setup the task becomes manageable. However, for small and medium business, task becomes...

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