Traditionally, company seals are used by companies to execute deeds. Instances, whereby a company seal may be used, are when purchasing a property or issuing a share certificate. However, with effect from the 31st of March 2017, it is no longer necessary for a company to execute such documents with a company seal. Section [...]
A shareholder agreement is a document signed between shareholders of a company that supplements and complements the constitution of a company. A shareholder agreement may or may not be between all of the shareholders. It can be signed among some of the shareholders. It may also be signed between the shareholders and the company. One [...]
For many companies, the path to expansion requires financial backing. This can be in the form of seed funding and series A, B or C funding. Monies are collected from investors in exchange for equity in a company. Seed funding is the earliest stage of funding collected. It is at times considered as funding even [...]
Generally, a director can be remunerated in two ways, director's fees and salary. Director's fees Director's fees are paid to the director for directorial services rendered to the company. It is not required for a company to pay its directors any director's fees but if it does, this payment has to be approved in a [...]
The shares of a company represent ownership in a company. When a company is incorporated, the shareholders are the ones who own the company. The shareholders must also determine who owns how many shares. There are also different classes of shares with different rights. Shareholders are the ones who invest in the company and in [...]
A quorum is the number of members in a company that must be present in a meeting in order to transact any business. A meeting cannot be convened or start any business without having a quorum or the minimum number of voting members present. Any business that is transacted where a quorum is not present [...]
At the end of every financial year, the directors of a company will need to compile their financial statements. The financial statements can be audited and unaudited. For exempt private companies limited by shares or small companies, they may present their financial statements unaudited as they qualify for audit exemption. For exempt private companies limited [...]
Buildings, machinery, renovations and computer peripherals are an example of tangible assets that will last your business more than one year of usage. But not indefinitely as they will eventually become obsolete, thus we depreciate these assets' value over the term of their useful life. For intangible assets such as intellectual property and brands equity, [...]
Share capital represents the amount that the shareholders invest in a company. Share capital may be increased or reduced. If the shares are paid for then the shares are considered paid up. If shares are partially paid or have yet to be paid up then we classify this as unpaid share capital. The shareholders holding [...]
Before incorporating a Singapore company, you will need to fill in the incorporation documents and provide our firm with the relevant identification documents. The company registration documents can be found here: https://singaporesecretaryservices.com/company-registration-documents/ Click here for the steps to incorporate a Singapore Company. Once all the documents and payments are made, our firm can incorporate the [...]