Company registration is quite a simple task. The biggest part lies with the conceiving and planning one. A lot of people have been filled with alacrity and enthusiasm in forming companies. The formed companies end up rendered dormant and non-operational. This is quite questionable and the reason for that should be well looked into. It is supposedly poor planning of the feasibility of the whole project. There is a notion that owning or having a company renders one affluent but that is ill advised. There is more than what meets the eye in how to register a company in Singapore.
First of all, you have to know that huge amount of cash is going to be injected into the project. If little or lame commitment is given into it, it will lead to a total loss. In all that, it is always encouraged that people become entrepreneurial and form companies and businesses that will increase the economy. In looking at how to register a company in Singapore, it will be easier for one to buy the dream.
First, it will be necessary for a person to have decide the kind of business entity or form that he/she will take on. Be it a sole proprietorship, a limited liability company, a limited liability partnership, or company. It is very necessary to decide after proper research which entity work best for you. This will also lead to the success of a company.
The next process in how to register a company in Singapore is choosing a name for you company. The name is the identity of a company. Therefore, it will require proper research before coming up with one. First, a person should be able to research if the name already exist. This is because it legal rights require authenticity.
Next would be to add an appropriate suffix to your company name like L.LC, L.L.P, Co. A sole proprietorship does not require a suffix. A person will then proceed to outline an operating agreement for the company in question. A sole proprietorship would be exempt to this. This will entail drawing or outlining policies for the company, payment of partners and the division of duties. Finally, a person will proceed to file all registration and tax with appropriate national agency or state. Normally for a sole proprietorship it will entail registration of a business name and publicizing. All this steps also cut across in other countries. It is not difficult to know how to register a company in Singapore.