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10 Compelling Reasons to form a Limited Liability Partnership (LLP)

10 Compelling Reasons to form a Limited Liability Partnership (LLP)

Professionals, who want to start a business by the way of services they would provide, usually set up limited liability partnerships (LLP). Such people require a state license in order to practice. To give a few examples, accountants, doctors, attorneys, architects, chiropractors, dentists, etc. are the ones who prefer to set up this type of business. This factor significantly limits the number of people who have the option of forming an LLP as a business structure. The working of an LLP is similar to that of an LLC, in the way that the...

read more Jul 16, 2014

Which is the best for a business, a Sole Proprietorship or a Partnership?

Which is the best for a business, a Sole Proprietorship or a Partnership?

Singaporean entrepreneurs who want to be self-employed should get their businesses registered. Such an entrepreneur can choose to register it as a sole-proprietorship or find another like-minded individual and register a partnership. What you ultimately choose largely depends on your temperament and how you want to conduct your business. Sole Proprietorship Starting a business firm by forming a sole-proprietorship is a great option for an entrepreneur who wants to learn all the ropes of a business. As the sole owner of the business firm he or...

read more Jul 15, 2014

Expand Your Business: Incorporate a Singapore Private Limited Company

Expand Your Business: Incorporate a Singapore Private Limited Company

“Hit the iron when it is hot,” is a sound advice for anyone who wants to start a Singapore private limited company. The saying is good enough to emphasize taking advantage of favorable conditions in Singapore. The investors, entrepreneurs and corporate eyeing Singapore market and debating with themselves whether or not to setup a Singapore Company, must pay heed to the saying. Who can Form a Singapore Company as a Private Limited Company? Singapore citizens, permanent residents as well as foreigners can form a private limited company in...

read more Jul 10, 2014

Local Company Registration is a Plain-Sailing Process with SingaporeAudit

Local Company Registration is a Plain-Sailing Process with SingaporeAudit

Singapore beckons to a galore of opportunities for entrepreneurs. To support the business environment and make it more entrepreneur-friendly, Singapore has made its political framework pro-business, and kept the rules for Singapore company registration very easy. On the other hand, extremely effective and competitive tax rates make Singapore even more alluring. Incorporation of a company in Singapore can be carried out in three ways, namely a private limited company, a limited liability partnership, and a sole proprietorship. All these...

read more Jul 7, 2014

Leverage Exponential Profits by Outsourcing to Business Accounting Services

Leverage Exponential Profits by Outsourcing to Business Accounting Services

When a business owner is burdened with tasks related to accounts, tax and finance, the business suffers. Owner’s preoccupation with these activities takes his focus away for business promotion and rendering of the services. SBS Consultancy is a Singapore accounting firm that takes special interest in small business accounting & bookkeeping. This firm can take over the tasks which a business owner can do away with and start making more profit. Professional firms providing accounting in Singapore such as SBS Consultancy provide...

read more May 22, 2014

7 Fascinating Benefits of Outsourcing Singapore Payroll Services

7 Fascinating Benefits of Outsourcing Singapore Payroll Services

Outsourcing Singapore payroll proves to be a boon for businesses, which are on the verge of expansion or have already expanded. Addition of new employees to the payroll makes the process all the more complex. Poring over the monthly changes in payroll processing is a no less than a herculean task for the SMEs. It eats away into their precious little resources. Ergo, the need to outsource the payroll Singapore. Given below is a list of fascinating benefits that SMEs can enjoy, when they hire a payroll services provider in...

read more May 21, 2014

Criteria for Selecting an Auditing Firm in Singapore

Criteria for Selecting an Auditing Firm in Singapore

You are done with streamlining all the business processes and have also covered the arduous task of preparing documents. In short, you are prepared for the D-day of audit. But where’s the audit company Singapore, and how do you choose one? While selecting, are you going to fall prey to the advertisement gimmicks, or would just hire an audit firm Singapore on somebody’s recommendation. The answer is a blunt ‘no’. After all, the audit and the audit firm in Singapore are going to add value to your enterprise. Why select blindly?...

read more Feb 25, 2014

How an Auditing Firm in Singapore can Help Businesses to Grow?

How an Auditing Firm in Singapore can Help Businesses to Grow?

Auditing is as important as accounting for a business.  Therefore, no business can afford to ignore the importance of auditing job in his business. Singapore auditing requires that all jobs and activities must be done in an organized manner while complying with the regulations of ACRA and SFRS (Singapore Financial Reporting Standards). An auditing firm in Singapore can help the businesses grow by handling the auditing aspect of the business in a manner that is professional and efficient. Following are the reasons why every business must hire...

read more Dec 17, 2013

Audit Exemption for Small Business in Singapore

Audit Exemption for Small Business in Singapore

An audit provides benefits to companies, shareholders, regulators and other stakeholders in many ways. It acts as a deterrent to fraud and money laundering and further increase in the reliability of accounts and thus adds value to all users. Auditing is an effective driver for the promotion of sound corporate governance. For Singapore companies, all rules and regulations are subject to Singapore Companies Act, Cap 50. According to the act, all companies are required to file their duly audited annual account at the AGM (Annual General Meeting)....

read more Nov 21, 2013