Learning Objectives:
- Describe the different forms of business set-ups in Singapore
- State the pro and cons of each type of business set-up
- Advise their clients of advantages of incorporation
- Sell insurance to an incorporated company
- Explain tax impact of running an incorporated company
Course Outline:
- Introduction to different forms of business set-ups in Singapore
- Business risks that sole proprietors, partners in partnership and directors in incorporated companies have to deal with
- Benefits of operating business using a company
- Steps to incorporate a company and the statutory requirements of company
- Insurance that can be sold to an incorporated companies that cannot be sold to sole proprietors and partnerships
- Taxation of companies
- Taxation of directors and shareholders of companies
- Practical case study on incorporation of a company
- Incorporation Fact Finder
LIA CPD Hour: 6 hours (50% Knowledge, 50% Skills)