Get Professional Singapore Company Registration Servicesby Sneha Patil Top Singapore Company Registration Company
When you decide on a Singapore company formation, you should see to it that it is a planned activity. Most importantly, it should be hassle-free. For that to happen, you should turn to the Singapore company registration services for professional advice.
You Need to Appoint Singapore Company Registration Services
Starting a business in an unfamiliar jurisdiction can be full of challenges. It is more so when you are a first-time entrepreneur trying to capitalize on an innovative business idea. The local business owners can also face the similar problems. Hence, there is need to hire a professional who can guide you down the trodden path to your successful Singapore company formation.
The whole point of appointing one of the Singapore company registration services is to avoid delays in setting up of a company and in starting the activities of the new business. The following are a few tips that you may like to go through to keep a firm hand on the legal aspect of the new venture.
Take Legal Advice as Early as Possible
There are a number of reasons why the startup businesses do not seek legal advice. The financial constraints are one of them. However, it can harm their prospects in the long term. And, a newbie may need advice on which business structure to use to how to come up with an effective business plan, etc.
Hiring professional services toset up a company in Singapore is necessary, especially for the startup entrepreneurs. These services providers know how the system works and where to go to get certain things done. They know the type of company you need to form to qualify for the tax incentives, rebates, and exemptions and other schemes that are floated by the Singaporean authorities.
These schemes and programs assist the owners in keeping their operating costs down and focus on maximizing the growth of their business. The professionals working for the services providers have the industry-wide knowledge and know how to approach and deal with the investors on behalf of their clients. Hiring these men, can be useful to a new entrant to the Singapore market.
Protect Your Personal Assets
Your personal liability varies as per your choice of the business structure. If you are striking a General Partnership or a Limited Partnership with a partner, then, it may put your personal assets to a certain amount of risk due to debt or losses incurring out of the business activities of the partnership.
You can damp down your liability by choosing to register a special type of partnership called Limited Liability Partnership. However, even in this case, there are chances that you may lose your personal assets due to your laxness, mistake, action or inaction. Taking to the experts from Singapore company registration services helps as they guide you in selecting the appropriate business structure for your business.
Document All Your Agreements
Running a business, especially, a successful and promising one, is full of risks. You have to face competition in the market. You may also have to face competition from the inside of your company. You can protect yourself from someone taking control of your business idea and Singapore company formation only by documenting your agreements.
The deals over a handshake is a not a thing of past. There are still honorable business persons around. But, still, it is wise to get agreements that are legal in the eyes of the law. Doing otherwise is unprofessional, and it can compromise the execution of your vision.
You need to be careful to have your first line of defense in the form of documents; non-disclosure agreement, employment agreement, terms, and conditions, or memorandum of agreement. These documents serve an important purpose in solving conflicts between concerned parties.
Register Your Trademarks & Business Logos
A marketplace is a competitive place. Every business in it tries to score one over the others. If you want to use a trademark or business logo that will make it easy for your consumers to identify your goods or services among the many, you need to register it with the concerned authority. It will form the part of your brand image and can help you immensely.
If one of your competitors use your registered trademark, you can appeal to the right agency and prevent its misuse. On the other hand, you also need to avoid using trademarks and logos that may resemble those of others. Doing so can get into unnecessary legal troubles. You will find that redesigning or re-marketing a changed trademark is very difficult and expensive.
Intellectual Property (IP) Protection
Singapore is famous for its IP laws. They are tough and designed to protect your intellectual property. A number of organizations well-known for their Research and Development activities have moved their bases to Singapore.
You need to protect your innovative idea that can bring changes to the existing technologies or something that can introduce a twist to the existing technologies and make them more efficient. And, Singapore ranks second in the world and at the top in Asia for IT protection which makes it the right place for creative entrepreneurs like you.
As a business owner, you have to be totally immersed in the delivering your products and services to your customers. However, getting into a legal hassle can put breaks to your aspirations. If you have the assistance of one of the professional Singapore company registration services, you can start on the right foot which half the battle won.
SBS Consulting Pte Ltd
High Street Center,
#17-02, 1 North Bridge Road,
179094 - Singapore
Phone: +65-6536 0036
Created on Dec 26th 2017 00:24. Viewed 298 times.