Post by account_disabled on Jan 9, 2024 9:00:10 GMT
Limited Liability Company is incorporated by registering the company with as a separate legal entity and differentiate the owner from the entity. The limited liability company may join in contract or own asset and also sue other company and be sued on its own name. This type of company may take share and the shareholders of the company may be individuals or another company. There are many subsections among Limited Liability Company and the private limited company is one of them. The private limited company is one of the most preferred types among the types of business in Singapore. This type of company cannot distribute its share to the general public and thus all the shares need to be in a private state.
The shareholder of a private limited company cannot exceed more than 50 personnel and the company should carry suffix as private Limited or PTE Company. Types of business in Singapore are very diverse and exempt private limited Fax Lists company (EPC) is one of them. This type of company is exempted from conducting an annual audit and to remain as EPC, the company should not get more than 20 shareholders and among the shareholders, there should not be any corporate shareholders. Additionally, the annual revenue of the company cannot be more than $5 million. Other than a private limited company, there is also a public limited company among the types of business in Singapore.
There are two main categories among the public company and one is a public company limited by share and another is a public company limited by guarantee. Any LLC that has shared more than 50 personnel than the company may be regarded as the public limited company. These types of a company should carry suffixes such as Limited or LTD and also allowed to enlist their names in stock exchange services. It is mandatory for LLC is to submit a prospectus to the Monetary Authority of Singapore (MAS) before the company starts raising money from the general public. On another hand, the public company limited by guarantee is incorporated for non-profit purpose and all the company raising charity may fall in this category. Please note that this type of company cannot distribute any share and members of the company do not need to pay any capital.
The shareholder of a private limited company cannot exceed more than 50 personnel and the company should carry suffix as private Limited or PTE Company. Types of business in Singapore are very diverse and exempt private limited Fax Lists company (EPC) is one of them. This type of company is exempted from conducting an annual audit and to remain as EPC, the company should not get more than 20 shareholders and among the shareholders, there should not be any corporate shareholders. Additionally, the annual revenue of the company cannot be more than $5 million. Other than a private limited company, there is also a public limited company among the types of business in Singapore.
There are two main categories among the public company and one is a public company limited by share and another is a public company limited by guarantee. Any LLC that has shared more than 50 personnel than the company may be regarded as the public limited company. These types of a company should carry suffixes such as Limited or LTD and also allowed to enlist their names in stock exchange services. It is mandatory for LLC is to submit a prospectus to the Monetary Authority of Singapore (MAS) before the company starts raising money from the general public. On another hand, the public company limited by guarantee is incorporated for non-profit purpose and all the company raising charity may fall in this category. Please note that this type of company cannot distribute any share and members of the company do not need to pay any capital.