Types of business organisations available
Are you interested in growing your business in Singapore? Are you unsure of which corporate vehicle to use? Let us help you find the right choice for you.
Sole Proprietorship or Partnership
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Sole Proprietorship or Partnership
A Sole Proprietorship or Partnership is an association of people carrying on business common with a view to profit.
There must be at least one authorized representative resident. These are the simplest forms of business more suitable for small-scale businesses. For most businesses, the maximum number of partners permissible is 20. The number of partners permissible is different in the case of certain professional partnerships regulated by law. Both the sole proprietor and the partners are subject to unlimited liability.
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