A sole proprietorship (SP) is a business that can be owned and controlled by an individual, a company or a limited liability partnership. There are no partners in the business.
The legal status of a sole proprietorship can be defined as follows:
— It is not a separate legal entity from the business owner.
— The business owner has unlimited liability,
i.e. the business owner is personally liable for all the debts and losses of the SP.
— It can sue or be sued in the owner’s name.
We help to register your business and provide the following:
— Incorporation application
— ACRA fees
— Company constitution
— Common seal
— Share certificates
— Corporate kit
— ACRA Bizfile
Upon payment to us to register your business, we will send you a copy of an Incorporation Form via e-mail. Kindly fill in the form and revert to us with the details. Feel free to contact us for further clarifications.
Registering sole proprietorship is at SGD 250.