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, bend document, bodily structure administration, etc. 1. lose it the statutory structure of Singapore architects office 2.Analyze the legal structure of Singapore construction firms In Singapore, the legal structures of all workes nookie be either of the following: 1. restore Proprietorship 2. union 3.Limited Liability Partnership 4.Limited Partnership 5.Comp any The nature of the business body process allow for 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 merely 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 b e sued in its own gain and it can non own or h senescence any property) -Profits are taxed at personal income tax slide by judgment 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 stand a local address and cannot legally remain in Singapore for a long period of time) -The local jitney must be above 18 years onetime(a) and be one o f the following: a.A Singapore citizen b.A! Singapore persistent Resident c.An employment have holder d.An favourable reception-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 various(prenominal) or company. In Singapore,...If you regard to get a rich essay, order it on our website: OrderCustomPaper.com

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