Choose a Business Structure
Below are the main business structures in Singapore. Choose a business structure that is most appropriate for your business.
Limited Liability Company
A Limited Liability Company (LLC) is a company limited by shares and the liabilities of the owners are limited to the assets in the company. In other words, the owners’ personal assets are protected from business liabilities. A Singapore LLC can be categorised into either a Private Limited Company or Public Limited Company.
A foreign company can choose to set up a branch office, subsidiary, or a representative office in Singapore.
Sole proprietorship is the simplest and flexible form of business structure in Singapore. The sole proprietorship meets the statutory requirement to register all profiteering activities carried out on a continuous basis. However, as it does not constitute a separate legal entity and therefore it is not distinct from the owner/ proprietor. The business owner is personally accountable for all liabilities incurred during the course of the business.
A Partnership is formed by two or more individuals in a common business with an objective for profit-making.