Singapore Company Formation Choosing The Right Legal Form

While forming a company, the most pertinent issue that you need to decide is which legal form to choose for your company as it can have crucial implications on your personal risk in the business as well as the prospects of your business for giving back financial returns.

You would like to consider vital issues like ease of formation, asset liability, business asset appreciation, and tax obligations, before you decide on your business form. Though you will certainly seek legal advice from your lawyer, it is advisable that you get to know the basics of all the legal forms before you meet your lawyer.

In Singapore, businesses mainly operate as companies, sole proprietorships and partnerships.

Company

A company has to be registered under the Singapore Companies Act and a separate legal entity from its members. Though you can incorporate a company with unlimited liability, almost all companies in Singapore are incorporated as limited liability companies due to its advantages over other forms of company formation.

Limited Liability Company (LLC)

The limited-liability company (LLC) is a relatively new form of business organization. The chief feature of a limited liability company is that the liabilities of the owners are limited to the assets in the company, and their personal assets are protected from business liabilities.

Limited liability companies in Singapore can be of the following types:

Private Limited Company

The technical term for a private limited liability company in Singapore is Private Company Limited by Shares. A private limited company’s name in Singapore normally ends with Private Limited, or Pte Ltd.

A private limited company has various advantages over the other two conventional types of business, which makes it the most flexible and the most favoured type of Singapore business entity. A private limited company has its own legal identity, which is separate from its shareholders and its directors. It can acquire assets, go into debt, enter into contracts, and sue, or be sued. In an LLC, members are not individually liable for debts or other obligations of the company. The ease of transfer of shares or changes in shareholders ensures that the companys continuation is not dependant on the continued membership of its members.

You can raise capital for expansion or other purposes, by bringing in new shareholders or issuing more shares to existing shareholders and your also benefit from the trustworthy image it commands compared to sole proprietorship or a partnership firm. Moreover, the ownership of a company may be transferred, either wholly or partially, without disrupting operations or the need for complex legal documentation. Most importantly, you benefit greatly from tax incentives as the effective Singapore income tax rate for companies for profits up to SGD 300,000 is below 9% and capped at 18% for profits above SGD 300,000, and furthermore, there is no capital gains tax.

However, an LLC also suffers from some disadvantages. Incorporation and sustenance is more complex and you need to follow certain compliance requirements. Also, the closure of company is comparatively more complex.

Public Limited Company

After a private company reaches a certain growth level to become a well established medium-to-large enterprise, the shareholders might decide to take the company public. A public company’s name in Singapore ends with Limited or Ltd.

Public companies are subject to significantly more stringent rules and regulations since they have the power to raise funds from the public.

Sole Proprietorship

In a sole proprietorship, the business can only be owned by one person and the owner personally owns all assets and liabilities of the business. It is the most uncomplicated form of business entity; and it is also comparatively more economical and easier to start and terminate a sole proprietorship company. You are in complete control of all the business affairs including the decision making and you benefit from all income generated by the business without sharing the profit with others. You are also free from the obligation of filing returns annually and only need to renew your membership every year.

However, the disadvantages of a sole proprietorship business far outweigh its advantages. Sole proprietorship is not a separate incorporated entity and therefore you and your business are rendered as the same legal entity. As a sole proprietor, you and your business are considered a single entity for the payment of income tax, and the income of your business is taxed to you. Moreover, as the sole proprietor of a business, you have unlimited liability, which means that if your business cannot pay all its liabilities, the creditors to whom your business owes money can come after your personal assets. Many entrepreneurs are usually unaware of this enormous financial risk.

You also do not gain from corporate tax benefits or incentives as the taxes are determined at your personal income tax rate. Capital is limited to your personal finances and business profits. Additionally, business expansion is limited and difficult due to the low public perception of such a business. Also, the business lives and dies with you and you can transfer the business only by the sale of business assets.

Partnership

A partnership is an alliance of two or more persons, who are the co-owners of a business and its profits. Partnerships in Singapore can be of three types:
General Partnership

A general partnership is not a very economically feasible way to structure a business in Singapore because like a sole proprietorship, it is not a separate entity, which means you have unlimited liability. Another significant risk intrinsic in a partnership arrangement is that each partner is personally responsible for the debts and liabilities of the business and also responsible for the actions of another partner.

Limited Partnership

In a limited partnership, entails the concept of having limited partners in addition to a general partner. The liabilities of limited partners are limited to their investment in the partnership (capital or property), though such partners cannot participate in the management of the business in a limited partnership. Like the general partnership, even a limited partnership in Singapore is not a very favoured popular form of business structure.

Limited Liability Partnership (LLP)

LLP was introduced in Singapore in 2005, through enactment of Limited Liability Partnership Act. It gives the owners the flexibility of operating as a partnership while enjoying many of the benefits that come with a corporate body like a private limited company. A LLP must have at least two partners at all times.
An LLP has a separate legal identity and can own property, enter into contracts, sue or be sued in its own name. Most importantly, the partners of the LLP will not be held personally responsible for any business debts incurred by the LLP for any laxity or mistakes made by another partner, and is only responsible for his own omissions.
Any changes in the LLP (e.g. resignation or death of partners) do not affect its existence, rights or liabilities, and compliance requirements are also simpler than a private limited company.
However, LLPs lack the ease of ownership transfer and investment that a company structure provides. It also does not gain from corporate tax benefits.
An LLP is primarily suited to the needs of service professionals (accountants, law firms, architects, etc.) who desire to set up a joint practice in a common field. The owners must get into very detailed agreements about how the profits and management responsibilities are to be shared.

Choosing the Right Legal Form

To put things in a nutshell, both sole proprietorship and an LLP are suited only to certain types of businesses.
Sole proprietorship is feasible only for Singapore nationals who want to register a small business and the nature of their products/service do not have liability issues.
On the other hand, an LLP is suitable if you are in a service-related business which involves selling your services by way of the profession you hold like an accountant, lawyer, architect, etc. and you have one or more additional partners in a similar profession with whom you would like to partner your business with.
For all other cases, incorporating a private limited company in Singapore would be the best choice.

How To Find Out If An Online California Personal Injury Attorney Is Legitimate

It can sometimes be so confusing to find a California personal injury lawyer who will help meet your legal personal injury needs. Sometimes you will be faced with a situation that will require a personal injury attorney, but youre not sure whether or not you want to spend the money; however, if your injury is serious enough and someone else is clearly at fault, then it is imperative that you do find an attorney.

When you browse most of the personal injury attorneys web sites, you will often notice the fine print stating that the legal information presented on a given site should not be taken as legal advice. What is that all about? This is the attorneys way of protecting himself against liability if someone with a personal injury casesuch as yourselfdecides to proceed using only the information on the web site, rather than getting advice from the actual attorney. The attorney knows ahead of time that this more than likely will not go well, so he includes the fine print to protect himself from being responsible.

This should be a hint to you that proceeding without a personal injury attorney will simply be foolish.

With this being said, you must now make sure that your attorney is actually legitimateas some online California personal injury attorneys are actually scam artists who have little formal training.

If you feel unsure whether or not your attorney is experienced, you can ask for a legal attorney certification. This will give you the proof that the California personal injury attorney is not a fake. You have a right to ask for this type of information so that your personal injury case does not lead you to end up being associated with a California personal injury attorney who has not made the grade. Many people have ended up filing more personal injury cases as a result of personal injury scam sites and scam attorneys. This will simply cause you more undue grief and delay your personal injury compensation.

Understanding About Having The Right Criminal Defense Lawyer On Your Side

Law exists to protect the people from unwarranted abuse and criminal
wrongdoings. It is equally possible for an innocent as well as a guilty
person to get caught in this net. The basic premise of law essentially
is that a person is presumed to be innocent unless proven guilty.
However, sometimes, even innocent people can have a brush in with law
and at such a time, it is important to have someone on your side that is
not only knowledgeable in these matters but also has the experience and
the expertise that you need to get out of your ‘situation.’

Understanding criminal defense

You have all heard of the term criminal defense. It comes into play
when someone is charged with having committed a crime. The person so
charged is always looking for a way to get the charges negated; and for
this he approaches the best defense attorney who acts in multiple
capacities of a friend, an attorney and a confidant; and helps think of
and point out elements that can negate the crime you are charged with.

Understanding the criminal defense lawyer

The best criminal defense attorney is a qualified specialist who has a
sound knowledge of the law and its various aspects. Usually a defense
lawyer deals with aspects related to criminal investigations, arrests,
sentencing, charges, appeals, trials etc. of people or corporations
charged with criminal misconduct. It is important for the criminal
defense lawyer to have a clear understanding of the relevant laws and
etiquettes of the country.

Understanding why you need a criminal defense lawyer

Criminal law is complex; and operated on the maxim, ingnorantia juris
non excusat; meaning ignorance of law does not excuse anyone. It is
important therefore to understand your position clearly when charged
with a crime. Not knowing your rights could lead to severe consequences.
That is why you need the defense attorney to help you understand the
law and help you in every conceivable way.

Understanding when you need a criminal defense lawyer

More important than hiring the right lawyer is to know when to hire
one. The ideal time to hire the best criminal defense attorney is when
you get to know you are subject to a criminal investigation. Usually
after being arrested for a crime, the first step is to investigate the
crime and from then on it goes on to accumulate evidence and present it
so as to make formal criminal charge.

Affordable Custom Home Builder In Pasco – Building Restrictions, Budgets & Finding A Builder

If like many people you have always dreamed of turning your designs into reality, you should hire an affordable custom home builder in Pasco. The affordable custom home builder in Pasco that you choose can assist you with everything from floor plan customization to in-house financing. Despite financing options being made available to many people nowadays, it is essential that you plan in advance by working out your budget. As well as this, you should make sure that the correct building permits are obtained and that the affordable custom home builder in Pasco is equipped to do their job properly. .

Affordable Custom Home Builder In Pasco – Building Restrictions

Prior to hiring an affordable custom home builder in Pasco, you need to work out if there are any building restrictions in relation to the property you want to construct. The builder needs to have the appropriate permits if they are to complete their work legally and this not only benefits them through the ability to gain custom but also, the government will benefit because they will be able to maintain regulations much easier. Local city officials will be required to issue permits, so you may want to get in touch with these officials before building takes place. Permits normally require a property to be built within 12 months, so ensure that your building plan is not too complex before you get assistance.

Affordable Custom Home Builder In Pasco – Building Budgets

Everyone who plans on building a home will want to pay as little as possible for an affordable custom home builder in Pasco. However, there are some methods that you can use as a way of determining your actual budget and by knowing this; you will never pay too much for these services. Factor in the price of any furnishings and appliances you will buy for the property and also, the price of building per square foot. Weigh this price up against the size of your ideal property and figure out if it is doable. Bear in mind that some properties of the same size will differ in the building cost.

Affordable Custom Home Builder In Pasco – Seeking Out Assistance

Now that you know what budget you have and what building permits are required, you can find an affordable custom home builder in Pasco. Because the process may take some time, you need to find someone you can trust. Be sure to get some referrals and ask to see the builder’s licenses to confirm that they have experience in this field. If possible, speak with past clients and ensure that they are easy to communicate with at all times, because it is inevitable that you will need to ask questions.

Florida Commercial Real Estate – Having the Best Commercial Property

You can always take advantage of the recession and make some good profit in times of need. Are you wondering how this can happen? By simply investing your money in Florida commercial real estate, you will surely achieve your goal.

Florida is a well-known thriving part of the America. Money may be a little bit tight during recession but there is always a good business in Florida wherein tourists from all over the globe are flocking together. With this it is time for you to take advantage of buying a commercial property in Florida commercial real estate market. t.

These commercial properties are can be rented by prospective business owners or you can set your own business here since you have the advantage of having a good location. And after some few years when you are tired of the routine, you can even sell the place and earn a good profit from it. Normally these properties in Florida commercial real estate can double or even triple the price. With this, there will be a lot of prospective investors who will get interested of it.

Having your own Florida commercial real estate property can offer you a lot of things. As mentioned earlier, you can have it rented or open your own business using the property. You do not have anything to worry about since these properties are usually situated with those populated areas of Florida.

Opening your down business in Florida is a good idea since the money that you will use as your capital will never decrease. As we all know tourist is willing to spend for their vacation and that is good for the Florida economy not to mention their entrepreneurs. You might want to consider venturing into a hotel, spas, restaurants, bars and night clubs, shops and equipment rental for water sports and other activities. Even paid parking space is a good business idea in Florida.

When it comes to Florida commercial real estate, the location is always good. You dos not have to worry about wasting your money on a worthless piece of land even if you buy one in a small city because you can always expect to earn and appreciate after few years. Knowing all the advantages that you can get out of Florida commercial real estate, you can go ahead and start your investment. There are plenty of commercial properties that are available and for sure you will find the right one for your business ideas. You have to take time in searching and collecting selections. Once done checking the commercial real estate market, then it is time for you to make some comparisons among the selections that you have. This will help you end up with the right commercial property to invest.

Ella Ayson
Florida Commercial Real Estate

Staging – It’s a Numbers Game

When you are trying to sell your home it’s about minimizing the number of days that you have it on the market and it’s about getting top dollar for the purchase price.

In order to get these numbers right, it’s important to reduce some other numbers.

Take a look at the following list of things you have in your house. Here are some key areas and items where the numbers need to be reduced:

1. Books in bookshelves can be reduced by at least a third

2. Items on countertops should be minimal

3. Knick knacks

4. Extra chairs around dining room table

5. Extra pieces of furniture in living room- too many small pieces will detract from any room. Leave a few prominent larger pieces

6. Personal photos

7. Clothes and shoes that are piling up in closets

8. Plastic containers and plastic bags that fall out when you open up cupboard doors

9. Papers and magazines that are piling up

By reducing the number of items around your home you can count on getting a faster offer and one that will add more to your bank account.

Colette Robicheau, President of Organize Anything, is a consultant, coach, and public speaker offering corporate, residential, and personal organizing services. For more information contact Colette Robicheau, Organizing Consultant and Coach visit her website www.organizeanything.com, email , or read her blog at http://organizeanything.blogspot.com/

What to look for in Penn State student apartments for rent

People that are looking for Penn State student apartments for rent have plenty of options. With thousands of students attending this campus, there are on campus and off campus choices. These can be found in a variety of different price points with varying features.

Some students will automatically want to live on campus. This can be a good solution for some students but not all. Many find it to be not private enough and cramped on space. These options do not give students much room to entertain, cook or otherwise live in a regular setting.

Others may look for units that provide Penn State off campus housing. These can be almost anything. Some students will rent a room from a person or family that has a single-family house. While this might be a better option than on campus, it still limits the amount of space that the person has to use.

There are many smaller apartment buildings around town that are from different time periods. This can result in finding something that is very modern in a vintage building or something that was built more recently but is in need of updating. These can be acceptable or these can be run down depending on the building. There are also some larger and newer complexes that have a considerable array of features.

Some of the apartments for rent near Penn State are in a development that is more like single-family homes. These are of recent build and are usually two stories. The amount of bedrooms can range from two to five and these usually have one bathroom per bedroom. This makes it nice for those living with roommates because there is no sharing of bathrooms. Many of these units also have a half bath for guest use. These have no shared walls like regular apartments so these tend to be quieter.

Students may want to look for properties that have a lot of amenities. This helps them to save money because there is no addition cost associated with using these. One development has bocce ball, a spa, racquetball, volleyball, a golf simulator, a pool, a tanning area, a weight room, cardio space, and a clubhouse. These features help students to stay active. Some places that allow pets also have a pet spa and a dog park. Students may want something with an open green space too for Frisbee or touch football. These types of Penn State student apartments for rent often have Wi-Fi in common areas or a cyber caf.

For more information about the Penn State student apartments rent, please visit our website.

Surajkund – Lucrative Real Estate Options

Real estate boom in India has activated many dormant areas to become super- active. Surajkund is currently going through this phase of activation and is ready to cross the threshold in order to emerge as a real estate destination. This boom is further strengthened by the relaxation of Foreign Direct Investment (FDI) in the real estate and construction sector. Additionally, the retail segment has opened the doors for the commercial real estate sector of India. Faridabad is fast becoming the next hot destination for expanding developmental activities. The pace of real estate growth is expected to prosper well as more and more companies are now choosing to opt for Surajkund. The city has become a prominent investment destination due to its proximity to Delhi and also because of the rising values of the real estate in Gurgaon and Noida.

Faridabad has traditionally been an industrial city, with 300 large and 10,000 small scale units and the Haryana Government’s new Industrial Model Township. However, the industrial town of Faridabad is now noticing new residential developments, especially in Surajkund village that spans across 30 acres. Surajkund, already known for its international Mela, is now a residential delight for many. The Surajkund mela was launched in 1981 by the Haryana Tourism and is held in the month of February from 1st-15th every year. This craft Mela (fair) serves as a meeting ground for talented artists, painters, weavers, sculptors and craftsmen from all over India who display handicraft products in the typical setting of a rural Indian market place. The place is visited by number of domestic and International tourists and the foot-falls seems to be multiplying every year.

Green Environment

Away from the hectic and congested life, Surajkund offers an environment like no other place in Delhi. The place displays a sense of peace and traditional touch which is envied by every Delhiite. People are opting for Surajkund for its peaceful natural surroundings. Renowned developers are coming up with township projects in and around localities of Surajkund. The first township project near Surajkund is Charmwood Village by the Eros Group covered in the area of 65 acres. Omaxe, Ansals are also setting up their residential projects.

These attractive townships are sufficient to satisfy the needs of people. Bungalows, apartments and villas are available here with all the modern amenities. The rates of residential properties range between Rs 6,500-Rs 8,000 per sq ft. The rent is around Rs 20,000 for 2 BHK flat and varies on the bases of size and type. Ansal and Crown Plaza have lavishly designed malls catering to children’s entertainment and hospitality, along with other commercial and residential projects. Numbers of other residential projects are in pipeline and soon going to be launched.

Infrastructural developments

Social infrastructure is also developing at the fast pace to support the physical infrastructure in Surajkund. All the national and international based schools and educational institutes have come up in the periphery to benefit the students with a pollution free atmosphere. MNV public school, Delhi Public School and Manav Rachna School are to name a few. Transportation is also improving by and by with Delhi’s bus stand just 1 km from the Surajkund. Local rickshaws and autos are also available for intra-city connectivity.

The property price of Surajkund has increased three times in last couple of years. Planned infrastructure, township projects of big brands, proposed Metro in main Faridabad and rise in the prices of real estate property of other cities, involvement of Haryana government in the overall development of Surajkund make it a good choice for real estate investors.

Watch Twilight Movie Online – Is It Available For Free Legally

The #1 New York Times best selling series novel Twilight by Stephenie Meyer has been adapted into a movie by ace director Catherine Hardwicke and the movie is all set to rule the movie halls from November 21st 2008.
**To Watch Twilight Movie Online visit the link in the resource box under this article.

This movie that talks about the love affair between a vampire and a teenage girl is being awaited by the teenage movie goers with enthusiasm and profound interest. The leading characters of the teenage girl Bella is played by Kristen Stewart and the vampire role is donned by Robert Pattison.

Rachelle Lefevre, Edi Gathegi and Cam Gigander as the evil vampires play their part to perfection in Twilight. The telling factor of this movie will be the excellent screenplay by Melissa Rosenburg that is sure to keep the audiences glued to their seat. Summit Entertainment will be releasing this movie in the theaters across the globe.

Bella Swan (Kirsten) behaves a bit differently than the other teenage girls at her Phoenix high school and this lonely attitude is a cause of concern for her re-married mother. She packs Bella to her fathers small town Forks in Washington hoping that a different location will bring some difference to her approach to life. There is no such change in her attitude until she comes across mystifying but good looking vampire Edward Cullen (Pattison).

She gets attracted by his puzzling and unorthodox behavior and in due course of time they both fall in love. Edward feels that he has found the perfect soul mate that he has been searching for the past 90 years and is cautious about the repercussions that might happen to their relationship if he gets very close and intimate to her. All is well in their love life until the evil vampires Victoria, Laurent and James come to this small rainy town to upset their chosen way of life.

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