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A guide to Minutes of Company Meetings

When conducting a company meeting, the minutes of the meeting are usually taken. When preparing company meeting minutes, details such as the type of meeting, date, time, meeting attendees and transacted businesses are usually recorded. The minutes of a meeting should provide a snapshot of what transpired at the meeting and the actions to take [...]

2019-09-05T10:39:24+08:00September 5th, 2019|Useful Articles|

What is the Register of Members

The Register of Members is a record of all shareholders or members of a company. This may also be called the Register of Shareholders for companies that issue shares. In the register, the following information about the members of the company need to be maintained: Name of members Address of members Date of becoming a [...]

2019-09-03T12:12:00+08:00September 3rd, 2019|What Is...|

What is a Politically Exposed Person

A Politically Exposed Person (PEP) is someone who has been entrusted with a prominent public function. Due to the position that a PEP is in, there is a higher risk for that particular individual to be involved in corruption or bribery. This term is usually used in the financial services industry and its accompanying industries. [...]

2019-08-30T01:42:02+08:00August 30th, 2019|What Is...|

What is an Annual General Meeting (AGM)

An Annual General Meeting (AGM) is a mandatory meeting for all companies. The requirement is for companies to hold an AGM within 6 months from the end of their financial year. At the AGM, the directors of the company will present an annual report of the company, typically the financial statements, to the shareholders. This [...]

2019-08-24T20:48:05+08:00August 28th, 2019|What Is...|

What is an Employee Stock Option Plan (ESOP)

An Employee Stock Option Plan (ESOP) is a form of Employee Share Ownership. An Employee Stock Option Plan gives employees the right to purchase shares of the company at a predetermined price within a particular time frame. There are a variety of reasons for implementing an ESOP in a company. An ESOP may be used [...]

2019-08-18T16:27:15+08:00August 18th, 2019|What Is...|

What is a sole proprietorship

A sole proprietorship is a business that is owned by an individual. There are no other individuals involved in this business. The three characteristics that define a sole proprietorship are: 1) It is not a separate legal entity from the business owner When dealing with a sole proprietorship, it is akin to dealing with the [...]

2019-08-18T16:24:34+08:00August 8th, 2019|What Is...|

How to convert a sole proprietorship or limited liabilited partnership to a company

There are a whole host of reasons why a company structure is a more effective business structure and from time to time, sole proprietors or limited liability partnerships may decide to convert their business structure to a company. There are some pros and cons to converting to a company and these should be well thought [...]

2019-08-06T22:38:21+08:00August 6th, 2019|Useful Articles|