Legal Structures Of Construction Companies

break up and compare the Legal structures of U.S.A, Singapore and Korean fashion designers offices and eddy warms, and their practice procedures based schematic, design development, anatomical structure document, anatomical structure administration, etc. 1. lose it the statutory structure of Singapore architects office 2.Analyze the legal structure of Singapore gimmick firms In Singapore, the legal structures of all carees ordure be any of the following: 1. restore Proprietorship 2. federation 3.Limited Liability Partnership 4.Limited Partnership 5.Comp any The nature of the business body process bequeath decide which structure the business will ware be it an architects office or a construction firm. Types of Business Structures 1.Sole Proprietorship a.Definition -It is a business firm with plainly one owner. It is the simplest and most flexible business structure. b.Characteristics - owned by one person or one company -It is non a legal entity ( i.e. it can non sue or be sued in its own gain and it can non own or h maturation any property) -Profits are taxed at personal income tax place c.Who faeces Register -Almost anyone or any company can say a sole-proprietorship -There are some exceptions. For instance, un-discharged bankrupts may not be allowed to register such entities in Singapore.

-The owner must(prenominal) appoint a local charabanc if he/she is not ordinarily resident in Singapore (does not previse a local address and cannot legally remain in Singapore for a long period of time) -The local motorbus must be above 18 years anile an d be one of the following: a.A Singapore ci! tizen b.A Singapore unending Resident c.An employment have holder d.An praise-in-principal employment take up 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 regeneration fees: S$20 2.Partnership a.Definition -It is a business firm owned by more than one case-by-case or company. In Singapore,...If you regard to get a encompassing essay, order it on our website: OrderCustomPaper.com

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