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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Understanding Private Limited Companies Definition and Characteristics A private limited company is a type of corporate entity that is privately held by a small group of individuals. It is a legal entity that is separate from its shareholders and has limited liability for its debts and losses. In a private limited company, shares are not […]
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Establishing the Corporate Identity Successfully establishing a corporate identity is a fundamental step for any entity aiming to define its business’s legal persona. Key aspects include selecting an appropriate company name, designating a dependable registered agent, and providing an official address. Naming the Corporation Choosing a company name is the initial task in laying down […]
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Understanding the Incorporation Process Before diving into the incorporation process, it’s essential to know that choosing the right business structure and company name are foundational steps. These critically affect how a company in Singapore operates, its level of liability, and its image in the marketplace. Determining the Business Structure The choice of a business structure […]
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Corporation Fundamentals Definition and Legal Structure A corporation is a legal entity that is separate and distinct from its owners. It is formed by filing articles of incorporation with the state in which it is headquartered. Once formed, a corporation can enter into contracts, sue and be sued, and own property. A corporation can also […]
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Defining Incorporation and Unincorporation When starting a business, one of the most important decisions to make is whether to incorporate or remain unincorporated. Incorporation refers to the process of creating a legal entity that is separate from its owners, while unincorporation means that the business is not a separate legal entity from its owners. Characteristics […]
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Understanding Corporation Tax Definition and Principles Corporation tax is a tax imposed on the profits earned by companies and corporations. It is a form of direct tax that is levied on the taxable income of a company or a business entity. The government uses corporate tax to raise revenue and fund public services such as […]
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Pre-Incorporation Profit Explained Definition and Importance Pre-incorporation profit refers to the profit earned by a company before it is officially incorporated. This profit is earned during the period between the conception of the business idea and the actual registration of the company. It is important to note that pre-incorporation profit is not legally available for […]
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