Selecting Best Forms for Business

Service Description

Duration: 2 day (14 hours) Language: English Once you have created a viable business idea, the next step is to have a corporate vehicle to make it a reality. You would already have a plan to create the value proposition and how to reach out to the designated customers. Choosing the right business formation is critical to your business operations as well as legal liabilities as the business grows. The Course shall provide a comprehensive guide to the choice of your business formation starting from the name of your company to the details of the Board of Directors need to be registered with the ACRA (Accounting and Corporate Regulatory Authority) prior to starting your business operations or begin hiring your employees. It shall also elaborate on the role of the Board roles and directors’ duties. The Course explores the following subjects in depth: 1) New Business Basics • Factors in Business Startups • Business vision • Value offerings 2) Licenses and Permits • Need for licenses or permits • Retail and services • Internet-based business 3) Types of Business • Sole Proprietor/self-employed • Business partnership • Partnerships – limited and limited liability • Company limited by shares 4) ACRA • Standard Industrial Classification Code (SSIC) • Information for business registration • On-line business registration - practical 5) Singapore Institute of Directors • Board of directors - role • Directors’ duties • Company secretary tasks