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Business Setup

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vijsrinp
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Business Setup

Post by vijsrinp » Mon, 05 Nov 2012 7:06 am

Hello,

I'm from the ICT/IT industry with two small companies (Company-A & Company-B).

Company-A is wholly into SERVICES and Company-B is wholly into NEW PLATFORM DEVELOPMENT. Each have their own website, email, registered address and are mostly distinct from each other.

I'm currently SHAREHOLDER + DIRECTOR + EMPLOYEE in Company-A and SHAREHOLDER + DIRECTOR in Company-B. Company-B have no EMPLOYEES at this moment.

Company-A is designed to perform SERVICES to external parties but not to Company-B. Company-B is designed to perform NEW PLATFORM DEVELOPMENT to external parties including Company-A.

Clarification:

I plan to declare myself as Employee in Company-B (with CPF etc) on a part-time basis. Is it ok to have SHAREHOLDING + DIRECTORSHIP + EMPLOYMENT status in 2 companies and transact with each other (as explained above) with care being taken to ensure they are distinctly separate.

In addition to above (distinct website, email, registration address do I need any other distinction to be maintained?

If this structure does not auger well in the long term (because of Related Party Transaction Issues), then I will employ another individual to Company-B to break the shell?

Thanks for your feedback well in advance.

Rgds
vijsrinp

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sundaymorningstaple
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Post by sundaymorningstaple » Mon, 05 Nov 2012 10:05 am

Yes if you are either a PR or a Citizen. No. if you are on an EP.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

vijsrinp
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Posts: 10
Joined: Tue, 24 Jan 2012 6:56 am

Business Setup

Post by vijsrinp » Tue, 06 Nov 2012 12:06 pm

hello sundaymorningstaple...thanks a lot for your feedback.

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