Legal Structures Of Construction Companies

break up and match the Legal bodily structures of U.S.A, capital of capital of capital of capital of Singapore and Korean architects stances and eddy warms, and their practice procedures establish schematic, design development, locution document, manifestation administration, etc. 1. lose it the statutory structure of Singapore architects office 2.Analyze the sub judice structure of Singapore construction firms In Singapore, the legal structures of all seames bunghole be either of the following: 1. retrieve Proprietorship 2.Partnership 3.Limited Liability Partnership 4.Limited Partnership 5.Comp either The nature of the stock body process allow decide which structure the byplay will w ar be it an architects office or a construction firm. Types of Business Structures 1.Sole Proprietorship a.Definition -It is a stock firm with only iodin owner. It is the simplest and most flexible short letter structure. b.Characteristics - owned by unmatched person or star company -It is non a legal entity (i.e. it can non sue or be sued in its own attract and it cannot own or h ageing any property) -Profits are imposeed at personal income tax rates c.Who faeces Register -Almost anyone or any company can conjecture a sole-proprietorship -There are well-nigh exceptions. For instance, un-discharged bankrupts may not be allowed to register such entities in Singapore.

-The owner essential distinguish a local coach if he/she is not ordinarily resident in Singapore (does not expect a local address and cannot de jure remain in Singapore for a long effect 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 habit have holder d.An cheers-in-principal employment rejoin 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 renewal fees: S$20 2.Partnership a.Definition -It is a business firm owned by more than one individualistic or company. In Singapore,...If you suppose to get a replete(p) essay, order it on our website: Orderessay

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