by Lester Sim | Dec 17, 2023 | Business & Company Structure
This comprehensive guide examines the tax obligations that partners in partnerships registered with ACRA must fulfill. It highlights the importance of reporting business income instead of salary and emphasizes that partners are taxed individually at individual income...
by Lester Sim | Dec 15, 2023 | Business & Company Structure
Transferring the ownership of a sole proprietorship in Singapore can be a complex process, as it often involves the sale of business assets and relieving the original owner of their business responsibilities. This guide will walk you through the Singapore sole...
by Lester Sim | Dec 14, 2023 | Business & Company Structure
\In Singapore, entrepreneurs looking to establish a business are often confronted with the decision of setting up a Limited Liability Partnership (LLP) or a sole proprietorship. The choice of business entity can significantly impact factors such as the ability to grow...
by Lester Sim | Dec 14, 2023 | Business & Company Structure
Singapore offers favorable taxation rules for sole proprietors that can significantly benefit entrepreneurs and self-employed individuals. Navigating the complex landscape of sole proprietorship singapore tax laws, however, requires a clear understanding of the...
by Lester Sim | Dec 12, 2023 | Business & Company Structure
Contrary to popular belief, a sole proprietorship is not limited to a one-person operation. A sole proprietor can indeed hire employees, expanding their business and enjoying the same benefits and responsibilities as any other business entity in Singapore. As with any...
by Lester Sim | Dec 12, 2023 | Business & Company Structure
Are you planning to start a business in Singapore but unsure whether to choose a sole proprietorship or a PTE LTD as your business structure? Both entities have their benefits and drawbacks, and selecting the right one can greatly impact your business’s future...
