Learning Objectives:
• Describe different forms of business set-ups in Singapore
• State the pros and cons of each type of business set-up
• Advise client of the advantages of incorporation and how to sell insurance to an incorporated company
• Explain tax impact of running a business using an incorporated company
• Design total solutions for their clients with regards to financial planning and business insurance
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 statutory requirements of a 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
• Presentation of incorporation to business owners
• Identifying potential prospects
• Prospecting track
• Handling objections
• Compliance and administration requirement
LIA CPD Hour: 12 hours (50% Knowledge, 50% Skills)