10 Powerful Shareholder Rights in Singapore Private Companies
Are you a shareholder in a Singapore company? As a shareholder, you’re an owner of the company. You have rights that you can enforce legally. Learn about the 10 key rights of shareholders here. No. Shareholder Right 1 Right to vote 2 Right to dividends 3 Right to protection of personal assets from company liability […]
2 Easy Ways to Reduce Share Capital for Companies in Singapore
Increasing share capital is easy – just invest more money and your company’s equity will increase. Reducing a company’s share capital, on the other hand, takes a little more work. We explain how to reduce your share capital in Singapore. Types of company share capital that can be reduced There are 2 types of share […]
Home Office Scheme in Singapore: How to Apply?
The Home Office Scheme allows business owners to operate small businesses from the comfort of their home. If you want to run your own business from your house, this is an excellent scheme to consider. You don’t have to spend money renting an office, and you can easily make money without leaving your home. Conditions […]
Employee Death in Singapore: 7 Things Employers MUST Do
Suffering an employee death is one of the hardest things that an employer (to say nothing of the deceased’s family) will have to handle. If the employee passes on due to work-related causes, employers will face significant liability under Singapore law. The 7 things businesses MUST do if faced with an employee death: Notify MOM […]
12 Best SME Credit Cards for Businesses in Singapore
Are you still paying your business expenses using cheques or bank transfers? If your answer is yes – stop! If you’re an SME owner in Singapore, then you should really make use of corporate credit cards for your business. These corporate credit cards help you rack up points that you can redeem for exclusive rewards. […]
Issuing Company Shares in Singapore: 3 Easy Steps
Issuing company shares to investors is the primary way for companies to grow. Startups will often raise multiple rounds of equity funding from venture capitalists. Traditional SMEs often raise capital from private investors to expand their business. Providing a share option plan to your employees is also a great way to encourage an “owner’s” mindset […]
How to Change Company Names in Singapore: 3 Easy Steps
Companies don’t change their names very often, because new names take getting used to and dilute whatever brand equity you’ve built with your previous name. However, if you do decide to change your company name in Singapore, it’s an easy process to do so. The country’s business-friendly policies make this a straightforward process. Here’s a […]
Company Resolutions: Special Resolutions and Ordinary Resolutions
You might have come across the term “company resolutions” while running your business, and wondered what they’re used for. Company resolutions are official votes that are passed by a company’s shareholders. These votes are needed to make certain changes or perform certain actions for companies. For instance, company resolutions are needed to change a company’s […]
Cease and Desist Letters Singapore: Asserting Your Rights
If you feel someone else is violating your rights, and you want them to stop, you should consider sending them a Cease and Desist Letter. Such letters can be an effective and affordable solution to get someone to quickly stop their offenses. If, on the other hand, you’ve received a Cease and Desist Letter, you […]
Contracts of Service vs Contracts for Service: 11 Differences in Singapore
Whether someone is in a contract of service vs contract for service for your company has important consequences. For instance, you must pay workers in a contract of service CPF, and they are entitled to a whole host of other labour rights. For instance, contracts of service workers must have sick leave, maternity/paternity leave, non-working […]
Terminating Employees (Legally) in Singapore: Ultimate Guide
Sometimes, an employee just isn’t right for the job. They might not have the necessary skills to do the jo properly. They might lose motivation, and their work quality might suffer. Other times, companies might not be in good financial shape, and be forced to cut manpower costs. There’s a million different reasons why companies […]
5 Kinds of Unfair/Illegal Dismissals in Singapore That Will Get You Sued
In this guide, we’ll walk you through the 5 key types of dismissals that are unfair, illegal, and wrongful in Singapore. Letting employees go is never easy. However, there are certain types of termination that are illegal in Singapore. For instance, firing an employee to stop them from taking maternity leave is illegal. If an […]