Valuing a business accurately is important for various reasons, such as buying or selling a business, seeking investment, or determining its financial health. While the process of business valuation can be complex, here are some key steps to help you perform a proper business valuation in Singapore: Define the Purpose and Scope: Determine the purpose [...]
In today's digital age, having a website for your business is essential. The internet has made the world more connected, and people now rely on it for information and various activities such as shopping, news reading, and entertainment. With the increasing amount of time spent online, businesses have recognized the need to establish an online [...]
CorpPass is a corporate user authentication service designed to facilitate online transactions with government agencies on behalf of organizations. Starting from September 2018, all entities must utilize CorpPass for government transactions. It caters to both local entities with a Unique Entity Number (UEN) and foreign entities. Local entities without a UEN can continue using SingPass [...]
Directors and shareholders serve as crucial participants within the structure of a company, exerting influence and shaping its decisions. They each have distinct responsibilities and fulfil separate functions. However, is it feasible for an individual to assume both the roles of a director and a shareholder? That's an excellent question! Let's delve deeper into this [...]
Considerations for the necessity of a shareholder agreement: While not mandatory, a shareholder agreement can greatly facilitate the smooth operation of a company or business. There are several reasons why a shareholder agreement may be required: a) To supplement the company's constitution. b) To incorporate specific provisions among shareholders. c) To address shareholder concerns. d) [...]
Pre-emptive rights are rights that give the existing shareholders of the company the first right to purchase any shares that an existing shareholder may be selling. Such pre-emptive rights are important for a variety of reasons. The existing shareholders may not want the shares of the company to be transferred to someone who is not [...]
An annual general meeting (AGM) is a mandatory yearly gathering of a company's stakeholders to discuss important matters concerning the business. At this event, the company's board of directors delivers an annual report containing information about the company's performance and strategies to shareholders. Shareholders with voting rights participate in the meeting to vote on various [...]
KYC stands for "Know Your Customer." It is a process that businesses use to verify the identity of their customers and assess the potential risks involved in doing business with them. The KYC process involves collecting and verifying personal and financial information about the customer, such as their name, address, date of birth, and government-issued [...]
Opening a trading company in Singapore involves several steps that need to be followed. Here is a general guide on how to open a trading company in Singapore: Decide on the business structure: The first step in opening a trading company is to decide on the business structure. You can choose to set up a [...]
Directors and Officers (D&O) Liability insurance is a type of insurance policy that provides coverage to directors and officers of a company for claims made against them while performing their duties. The policy covers the costs associated with defending against claims or lawsuits brought by employees, shareholders, customers, or other parties alleging wrongdoing or negligence [...]