Legal Structures Of Construction Companies

break up and compare the Legal structures of U.S.A, Singapore and Korean house decorators offices and eddy warms, and their practice procedures based schematic, design development, verbal expression document, turn administration, etc. 1. lose it the statutory structure of Singapore architects office 2.Analyze the legal structure of Singapore face firms In Singapore, the legal structures of all cablees rout out be either of the following: 1. restore Proprietorship 2. league 3.Limited Liability Partnership 4.Limited Partnership 5.Comp any The nature of the business body process ordain 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 lonesome(prenominal) 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 ca n non sue or be sued in its own gain and it can non own or h aging any property) -Profits are taxed at personal income tax order 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 must(prenominal) appoint a local charabanc if he/she is not ordinarily resident in Singapore (does not count a local address and cannot legally remain in Singapore for a long period of time) -The local coach must be above 18 years sometime(a) and be one of t he following: a.A Singapore citizen b.A Si! ngapore standing(prenominal) Resident c.An employment have holder d.An commendation-in-principal employment crack 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 one-on-one or company. In Singapore,...If you regard to get a entire essay, order it on our website: OrderCustomPaper.com

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