1. lose it the statutory structure of Singapore architects office
2.Analyze the legal structure of Singapore construction firms
In Singapore, the legal structures of all businesses can be either of the following:
1. restore Proprietorship
2.Partnership
3.Limited Liability Partnership
4.Limited Partnership
5.Comp any
The nature of the business body process will decide which structure the business will ware be it an architects office or a construction firm.
Types of Business Structures
1.Sole Proprietorship
a.Definition
-It is a business firm with only one owner. It is the simplest and most flexible business structure.
b.Characteristics
- owned by one person or one company
-It is non a legal entity (i.e. it can non sue or be sued in its own gain and it cannot own or h ageing any property)
-Profits are taxed at personal income tax rates
c.Who faeces Register
-Almost anyone or any company can say a sole-proprietorship
-There are some exceptions. For instance, un-discharged bankrupts may not be allowed to register such entities in Singapore.
-The owner must appoint a local charabanc if he/she is not ordinarily resident in Singapore (does not expect a local address and cannot legally remain in Singapore for a long period of time)
-The local manager must be above 18 years old and be one of the following:
a.A Singapore citizen
b.A Singapore Permanent Resident
c.An employment have holder
d.An approval-in-principal employment pass holder
e.A dependant pass holder
d.Set-Up Costs
-Fees for approval of business name: S$15 per name
-Registration fees: S$50
-Yearly regeneration fees: S$20
2.Partnership
a.Definition
-It is a business firm owned by more than one individual or company. In Singapore,...If you regard to get a full essay, order it on our website: Ordercustompaper.com
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