A company is a business entity registered under the Singapore Companies Act, Chapter 50. As an entity, the company has rights to own properties, has perpetual succession and can sue or be sued. Among the different types of business structure, a private limited company is one of the most popular in Singapore.
A partnership is a business firm formed by at least two partners. There are three types of partnerships in Singapore: General Partnership, Limited Partnership (LP) and Limited Liability Partnership (LLP). Amongst them, LLP is the most attractive vehicle to form a partnership.
The simplest form of business structure, a sole proprietorship is a business owned by an individual or company. The sole-proprietor has absolute ownership and authority in the management of the business.
A subsidiary company is a private limited company incorporated in Singapore that is partly or completely owned by the parent company.
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