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How to set up a Social Enterprise in Singapore?

A Social Enterprise is a typical company. It is basically a normal, typical company which is profit driven and the incorporation process is basically the same as starting a new company because a starting a Social Enterprise is starting a normal, typical company. There is no special SSIC code which companies must place on their [...]

2019-07-05T13:57:04+08:00July 5th, 2019|Useful Articles|

Why Singapore is a good place to start a business

If you were to start a business, namely in Asia, you would inevitably factor in starting it in Singapore, among others. Here are some reasons which may compel you to eventually start your business, and company, in Singapore.   1) Singapore has one of the lowest corporate taxes in the world The corporate tax rate [...]

2019-07-02T10:27:43+08:00July 2nd, 2019|Useful Articles|

Do I need a company common seal and a company stamp?

Company common seals and company stamps are common items which companies may use on documents. There is a difference between the two and companies can decide whether to have them or not.   Company common seal A company common seal is an official seal used by the company to endorse documents like share certificates, deeds [...]

2019-06-30T17:47:57+08:00June 30th, 2019|Questions and Answers|

What constitutes as oppression of minority shareholders and what are the remedies?

Minority shareholders are shareholders with a non-controlling stake in the company. It refers to the shareholders with voting rights but the number of shares that they hold are insufficient to have a say in the company's affairs. In most cases, this refers to 50 per cent of the company's voting shares. Shareholders with voting rights [...]

2019-06-20T11:27:45+08:00June 20th, 2019|Useful Articles|

Converting a Sole Proprietorship into a Private Limited Company

As a business grows, some business owners may want to convert their sole proprietorship into a private limited company. Here are some of the reasons why some business owners may want to make the switch.   1) To limit liabilities As a sole proprietor, your liabilities are unlimited. This means that you are liable for [...]

2019-06-12T09:49:15+08:00June 12th, 2019|Useful Articles|

If my company is dormant, do I need to have it audited?

We briefly spoke about dormant companies in a previous article: What is a Dormant Company Here is a further elaboration to the topic. A company is considered dormant during a period in which there is no accounting transaction. A company is considered dormant if: It has been dormant from the time of its formation It [...]

2019-06-06T10:37:21+08:00June 6th, 2019|Questions and Answers|

Do I need a company seal to execute documents?

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 [...]

2019-05-31T14:11:48+08:00May 31st, 2019|Questions and Answers|

What is a shareholder agreement

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 [...]

2019-05-29T13:36:50+08:00May 29th, 2019|What Is...|
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