AM Corp Blog

Blogs about corporation startup tips, accounting and taxation basics.

How To Craft A Successful Shareholder’s Agreement

Posted by AM Corporate Services Pte. Ltd. 11. 20. 2018

In many businesses and organizations, formal shareholders agreement is commonly put in place, even if it is not a legal requirement to do so. There are many benefits to having one, however. Companies are given the security of knowing that the operations of the business and the responsibilities the shareholders have are already taken into full consideration. Everyone within the organization will therefore understand what is allowed or disallowed and are informed of how decisions within the organization are to be made. This reduces the incident of conflicts that may arise between shareholders that could potentially disrupt operations and hurt the profitability of the business.

Many businesses, however, tend to delay drafting an agreement when they first start a new company. While this is not normally an issue, it makes better business sense to have one in place in the near future as different shareholders are bound to have differing opinions on how businesses should be managed. In addition, circumstances such as the economy can change. Misunderstandings can occur where shareholders disagree over profits sharing; leading to fracturing of the company and unnecessary stress.

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Topics: Start Up, Management, Corporate Compliance, Shareholder

Why Hire a Company Secretary for Singapore Business?

Posted by AM Corporate Services Pte. Ltd. 12. 31. 2017

Ease of company setup, vibrant business environment, stable political environment, strong Intellectual Property protection, educated workforce and good quality of life – these are the key factors consistently attracting entrepreneurs to start and grow their business in Singapore.

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Topics: Management

Singapore Company Director Requirements: Main Duties and Responsibilities

Posted by AM Corporate Services Pte. Ltd. 11. 6. 2017

As one of the leading wealth management hubs and a gateway to Southeast Asia, Singapore attracts an impressive amount of foreign investments. According to the Accounting and Corporate Regulatory Authority (ACRA), the number of registered companies has doubled since 2003. As a result, the number of directors managing such companies has also increased dramatically.

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Topics: Management, Corporate Compliance

Engaging Singapore Nominee Resident Director Service for Your Company

Posted by AM Corporate Services Pte. Ltd. 10. 4. 2017

With Singapore’s pro-business environment, it is no wonder that many foreign entrepreneurs choose to start a business here. It is worth highlighting that as part of the company incorporation process, the Singapore Companies Act stipulates that every company must have at least one director who is ordinarily a resident in Singapore. 

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Topics: Management

Filing for Bankruptcy in Singapore: What Comes Next

Posted by AM Corporate Services Pte. Ltd. 09. 18. 2017

Contrary to popular belief, facing bankruptcy in Singapore is not a rare scenario. According to the country’s Ministry of Law, an estimated 1,800 persons fall into bankruptcy annually mainly as a result of  overspending, unemployment, and business failure.

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Topics: Management

Foreign Entrepreneurs in Singapore: 5 Common Mistakes to Avoid

Posted by AM Corporate Services Pte. Ltd. 08. 18. 2017

Fail fast, fail often. This is a mantra commonly heard among the entrepreneurship community. However, the reality of failing is consequential, resulting in loss of money, lack of confidence in the leadership, decrease in market share and business closure, in extreme cases.
While many foreign entrepreneurs are drawn to setting up a business in Singapore given the country’s various business benefits, here are five common mistakes that they should avoid.  

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Topics: Management

9 Things You Should Know About Singapore Payroll Regulation in 2017

Posted by AM Corporate Services Pte. Ltd. 08. 4. 2017

If you are an employer seeking to start or expand a business in Singapore or a foreign national looking for a job in this city, you have to get as much information as you can on Singapore payroll laws and regulations. This practice will help you minimize the risks of unintentional oversights that might cost you your business or your law-regulated rights.
There is a lot of ground to cover regarding Singapore payroll regulations, so let’s not waste precious time. 

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Topics: Management

Post Incorporation Guide to Singapore Company Registration (For New Singapore Companies)

Posted by AM Corporate Services Pte. Ltd. 04. 28. 2017

There are many things that you need do after the successful incorporation of your company in Singapore. The directors, secretaries and other officers of your company are advised to read and comply accordingly.

(The information presented below is not intended to be exhaustive. Please seek professional advice when in doubt.) One of the most common questions we get is, “how to register a company in Singapore?” 

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Topics: Start Up, Company Registration, Management

Choosing the Right Functional Currency is Key to Effective Reporting

Posted by AM Corporate Services Pte. Ltd. 04. 23. 2017

Choosing the correct functional currency is key to effective reporting. As markets are increasingly globalized, companies are more often engaged in international trade, cross-border alliances and joint ventures. Businesses are no longer confined to their origin countries. 
Companies conduct business in the international market for two main reasons:

  • To buy goods and services from overseas suppliers or sell them to overseas buyers.
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Topics: Functional Currency, Management