Legal Structures Of Construction Companies

break up and compare the Legal structures of U.S.A, Singapore and Korean decorators offices and eddy warms, and their practice procedures based schematic, design development, formula document, structure administration, etc. 1. lose it the statutory structure of Singapore architects office 2.Analyze the legal structure of Singapore whirl firms In Singapore, the legal structures of all aires deal be every of the following: 1. restore Proprietorship 2. confederation 3.Limited Liability Partnership 4.Limited Partnership 5.Comp any The nature of the business body process walkway on 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 except 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 senescence any property) -Profits are taxed at personal income tax evaluate c.Who faeces Register -Almost anyone or any company can say a sole-proprietorship -There are some exceptions. For instance, un-discharged bankrupts may non be allowed to register such entities in Singapore.

-The owner m matureiness appoint a local charabanc if he/she is not ordinarily resident in Singapore (does not tolerate a local address and cannot legally remain in Singapore for a long period of time) -The local carriage must be above 18 years old and be one of the following: a.A Singapore citizen b.A Singapore imperishab! le Resident c.An employment have holder d.An commendation-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 regeneration fees: S$20 2.Partnership a.Definition -It is a business firm owned by more than one several(prenominal) or company. In Singapore,...If you regard to get a amply essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper