What is the difference between a partnership and limited partnership?
While a partnership is not considered a separate legal entity from its partners, a limited partnership provides for a certain degree of limited liability, with one general partner and other limited partners.
Which is the most common business entity type in Singapore?
The private limited company is the most relied upon the business structure in Singapore. It is a dynamic and scalable business structure that is conducive to the growth of a business.
Which is the authority in Singapore when it comes to submission of account papers?
Annual accounts must be prepared and submitted to the Inland Revenue Authority of Singapore, and the Accounting and Corporate Regulatory Authority (ACRA), within 18 months from incorporation, and every 12 months subsequently.