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Multi Trade company
Multi Trade company
Hi, I plan to register a company but wonder should it be under my own name or as Pte Ltd. Planning to trade clothe and also some household item, can it be under 1 kind of trading or multiple? Had tried to get consult from some firm but I need to first engaged the service before I decided. Wonder should decide first or engaged the service first. Thanks.....
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Re: Multi Trade company
You can open a business as a sole proprietorship, and you could call it "RCSG Trading" if you wanted.rcsg wrote: ↑Sun, 02 Aug 2020 2:29 pmHi, I plan to register a company but wonder should it be under my own name or as Pte Ltd. Planning to trade clothe and also some household item, can it be under 1 kind of trading or multiple? Had tried to get consult from some firm but I need to first engaged the service before I decided. Wonder should decide first or engaged the service first. Thanks.....
You could open a company, a private limited, and could call it "RCSG Trading Pte Ltd" if you wanted.
A Pte Ltd gives you more legal protections to separate your personal assets from your company's business, but it is more complex to maintain and report.
If you have no personal assets, then a sole proprietorship is probably OK, otherwise, you should seek to do business as a Pte Ltd.
Re: Multi Trade company
Myasis Dragon wrote: ↑Mon, 10 Aug 2020 1:23 amYou can open a business as a sole proprietorship, and you could call it "RCSG Trading" if you wanted.rcsg wrote: ↑Sun, 02 Aug 2020 2:29 pmHi, I plan to register a company but wonder should it be under my own name or as Pte Ltd. Planning to trade clothe and also some household item, can it be under 1 kind of trading or multiple? Had tried to get consult from some firm but I need to first engaged the service before I decided. Wonder should decide first or engaged the service first. Thanks.....
You could open a company, a private limited, and could call it "RCSG Trading Pte Ltd" if you wanted.
A Pte Ltd gives you more legal protections to separate your personal assets from your company's business, but it is more complex to maintain and report.
If you have no personal assets, then a sole proprietorship is probably OK, otherwise, you should seek to do business as a Pte Ltd.

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