Understanding Corporations A corporation is a type of legal entity that is recognized by the state as a separate entity from its owners. It is created by filing articles of incorporation with the state. This legal structure provides a number of benefits, but it also has some drawbacks. Definition and Types of Corporations A corporation […]
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Understanding Pre-Incorporation Contracts Definition and Nature A pre-incorporation contract is an agreement that is entered into by a company before it is incorporated. It is a temporary agreement that outlines the legal arrangements prior to the actual act of incorporation. The contract is made between the promoters of the company and the third party. The […]
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Understanding Sole Proprietorship A sole proprietorship is a simple business structure where the owner is the business. The owner has complete control over the business and is responsible for all profits and losses. Definition and Characteristics According to Stead.com.sg, “A sole proprietorship is an easy way to run a business. It is a business that […]
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Understanding Company Incorporation Key Concepts and Definitions Company incorporation refers to the process of creating a legal entity that is separate from its owners. This legal entity, also known as a company, can enter into contracts, sue and be sued, and own assets in its own name. Incorporating a company in Singapore is a straightforward […]
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Understanding Corporation and Incorporation Definition and Basics Corporation and incorporation are two legal terms that are often used interchangeably. However, they are not the same thing. A corporation is a legal entity that is separate from its owners, while incorporation is the process of creating a corporation. A corporation can be a business entity or […]
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Understanding Articles of Incorporation When a company decides to incorporate, it must file a document known as the Articles of Incorporation with the relevant state authority. This document is a legal declaration of the company’s intention to form a corporation and outlines the basic structure and purpose of the corporation. Understanding the Articles of Incorporation […]
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Understanding Articles of Incorporation Definition and Purpose Articles of Incorporation refer to a legal document that establishes a corporation as a separate business entity from its owners. It outlines the corporation’s structure, purpose, and regulations. The purpose of the Articles of Incorporation is to create a legal framework that governs the corporation’s operations, management, and […]
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Understanding Certificate of Incorporation Definition and Importance A certificate of incorporation (COI) is a legal document that confirms the existence of a company or corporation. It is an essential document that proves that the company has been registered with the relevant government authority. The COI contains important details such as the name of the company, […]
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Foundations of Incorporation Constitutional Framework Incorporation is a legal process that allows a business to become a separate legal entity from its owners. The concept of incorporation is rooted in the United States Constitution, which provides the framework for the country’s legal system. The Constitution is the supreme law of the land and establishes the […]
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Understanding Incorporation Incorporation is the process of creating a legal entity separate from its owners. This entity is known as a corporation or a company, and it is recognized as a legal person under the law. Incorporation is a popular choice for small business owners who want to protect their personal assets and limit their […]
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