While there are five options to choose namely sole-proprietorship, partnership, limited partnership, limited liability partnership (LLP) and a private limited (Pte Ltd) company; the last one remains the most popular option as it is the most advanced and flexible business entity. A Pte Ltd is a separate legal entity with members having limited liability. For those looking for a quick and easy set-up, and even easier to administer, LLP is another option. Here’s an infographic comparing different types of business structures in Singapore.
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