Startup FAQs: Will the company name be made available immediately after ACRA strike off?

Dec 08

Startup FAQs: Will the company name be made available immediately after ACRA strike off?

Startup FAQs – Will our company name be made available for others immediately after we are struck off on ACRA? Closing a company, under the Companies (Striking Off) Regulations 2015 is the most straightforward way for a Singapore registered company to cease operations; giving founders the peace of mind that all loose ends have been tied. Once...

Read More

Startup FAQs: Should a company its business activity when incorporating?

May 26

Startup FAQs: Should a company its business activity when incorporating?

Question: Should we have a particular set of business activity or objects when incorporating a company in Singapore? Answer: The 2004 Amendment Act of Singapore removed the need to specify Objects (i.e. specific activities) in the memorandum of association. This is in line with changes that took place around the same time in the UK as well....

Read More

Limited Partnership vs Limited Liability Partnership

Apr 21

Limited Partnership vs Limited Liability Partnership

Limited Partnership or LP A Limited Partnership (LP) is comprised of at least one General Partner and at least one Limited Partner. This is a business vehicle introduced by ACRA in 2009. Pros and Cons of Limited Partnership A corporate body can act as a Limited Partner or General Partner Liability of Limited Partner is restricted to...

Read More

Comparison between Sole Proprietorship and General Partnership

Apr 12

Comparison between Sole Proprietorship and General Partnership

Do you want to know the difference between Sole Proprietorship and General Partnership? Sole Proprietor A Sole Proprietorship is a registered business owned by one person or one company. This is a good option for an entrepreneur to start lean. Case study – Sole Proprietorship   Ana Liew, a Singapore Permanent Resident, is a home baker specialising...

Read More

Comparison on legal structures for Singapore startups

Apr 05

Comparison on legal structures for Singapore startups

Compare available company structures in Singapore suitable for startups If you are considering to set up your company in Singapore, we have outlined below the best legal structure for your startup. We are looking into the following business types: Sole proprietorship Partnerships or General Partnerships Limited Partnership Limited Liability Partnership Company or Private Limited Company   Scroll...

Read More