Asiabiz Provides Company Registration Singapore Services
On the bright side however, the sole proprietors and partners have flexibility in running the business. They maintain full control over the business and revenues...
by Ashley Varghese Wednesday, April 13, 2011
“Businessmen can choose a private limited company or limited liability partnership. Single individuals can also engage in sole proprietorship or if there are two persons, they can form a partnership,” remarks Asiabiz.
Both the private limited company and limited liability partnership are clothed with a legal personality. Thus, the shareholders in a private limited company and the partners in a limited liability partnership are protected from financial liability.
“In a private limited, the shareholders and directors do not have liabilities beyond their paid shares of stock in the company, while the partner in a limited liability partnership is responsible for his own action or decision. This means that whatever unfavorable consequences a partner has due to his or her decision, they cannot affect all other partners,” quips Asiabiz.
A private limited company is constituted by a resident director, shareholder, and company secretary. The director can be a local or foreign national by obtaining work visas such as an Employment pass and Entrepreneur pass. A director can also be a nominee director provided by Asiabiz Services.
“Shareholders who wish for anonymity may engage our nominee shareholder services,” chimes Asiabiz.
In a limited liability partnership, a minimum of two partners whether individuals or business entities can register.
“Foreign-owned limited liability partnerships must have a local manager to run the business,” says Asiabiz.
Moving on, both the sole proprietorship and partnership are not deemed a legal entity in Singapore.
“On the bright side however, the sole proprietors and partners have flexibility in running the business. They maintain full control over the business and revenues,” shares Asiabiz.
About the Publisher:
Asiabizservices offers one-stop business solutions to companies, particularly, those that are managed and owned by foreign investors. Since its inception, Asiabizservices has successfully helped foreign entrepreneurs form a Singapore company. Among its specializations are Singapore company setup, corporate services, accounting services, nominee services, company registration, whether as a sole proprietorship, private limited, limited liability partnership; offshore company formation, incorporation of foreign companies either as a branch or subsidiary office, accounting services including payroll preparation and more.
Asiabizservices is the leading provider of Singapore Company Incorporation services and has successfully helped thousands of both local and foreign entrepreneurs incorporate a Singapore Company. It also provides chartered secretarial services.
For more information visit:
AsiaBizServices PTE LTD
Address: 120 Telok Ayer Street Singapore 068589
Read More Press Releases
Wiwigo Technologies: First of its kind selfie campaign takes place in moving Delhi-Chandigarh Shatabdi
Get press releases by email