Business Vehicles

LexisNexis Practical Guidance: Singapore Tax, 2017

Posted: 22 Jan 2018

See all articles by Vincent Ooi

Vincent Ooi

Singapore Management University - School of Law; Singapore Management University - Centre for AI & Data Governance

Date Written: September 1, 2017

Abstract

When one or more individuals decide to start a business, they can select an appropriate business vehicle from a range of options. There are many commercial and legal reasons which may help to determine that choice.

Aside from tax considerations, other major issues to consider include:

• the limitation of liability if a company or limited liability partnership is used;

• the expectations of suppliers and customers;

• the ease of administration, including closing down, of an unincorporated business, and

• the requirement to publish information such as profits and remuneration in the case of companies

All of these factors should be taken into account when choosing a business vehicle.

In addition to these commercial and legal reasons, the tax treatment for each form of vehicle is often a key factor to consider.

Suggested Citation

Ooi, Vincent, Business Vehicles (September 1, 2017). LexisNexis Practical Guidance: Singapore Tax, 2017. Available at SSRN: https://ssrn.com/abstract=3102087

Vincent Ooi (Contact Author)

Singapore Management University - School of Law ( email )

55 Armenian Street
Singapore, 179943
Singapore

HOME PAGE: http://law.smu.edu.sg/faculty/profile/156436/Vincent-OOI

Singapore Management University - Centre for AI & Data Governance ( email )

55 Armenian Street
Singapore
Singapore

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