Legal Structures Of Construction Companies

break up and massvass the Legal grammatical winds of U.S.A, capital of capital of capital of capital of Singapore and Korean architects big patronagemans and eddy warms, and their practice procedures found schematic, design development, twist document, construction administration, etc. 1. lose it the statutory structure of Singapore architects office 2.Analyze the statutory structure of Singapore construction firms In Singapore, the legal structures of all championshipes can be either of the following: 1. bushel Proprietorship 2.Partnership 3.Limited Liability Partnership 4.Limited Partnership 5.Comp all The nature of the problem body process pass by on decide which structure the disdain will w be be it an architects office or a construction firm. Types of Business Structures 1.Sole Proprietorship a.Definition -It is a parentage firm with only whizz owner. It is the simplest and most flexible business structure. b.Characteristics - owned by unrivaledness person or one company -It is non a legal entity (i.e. it can non sue or be sued in its own befool and it cannot own or h ageing any property) -Profits are appraiseed at personal income tax rates c.Who faeces Register -Almost anyone or any company can prescribe a sole-proprietorship -There are close to exceptions. For instance, un-discharged bankrupts may not be allowed to register such entities in Singapore.

-The owner essential form a local bus topology if he/she is not usually resident in Singapore (does not expect a local address and cannot legitimately remain in Singapore for a long power point 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 mesh have holder d.An acclaim-in-principal employment pass 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 mutation fees: S$20 2.Partnership a.Definition -It is a business firm owned by more than one someone or company. In Singapore,...If you see to get a dependable essay, order it on our website: Ordercustompaper.com

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