Thinking about starting a business in Singapore? Choosing the right business structure before registration is an important decision that can affect your liability, costs, compliance responsibilities and future growth. ACRA specifically recommends considering factors such as liability, cost and potential for growth when choosing a business structure. ACRA

Before registering, consider whether a sole proprietorship, partnership, LLP or private limited company (Pte. Ltd.) is appropriate for your business plans. Each structure has different legal, liability, registration and ongoing compliance requirements. ACRA

It is also important to look beyond the initial registration. Depending on your structure, you may need to manage company officers, accounting records, annual filings, licences, tax obligations and other ongoing compliance requirements. ACRA

Good preparation before incorporation can help you make a more informed decision about your business structure and set up your company with your longer-term plans in mind.

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