{"id":7839,"date":"2023-05-24T09:50:18","date_gmt":"2023-05-24T01:50:18","guid":{"rendered":"http:\/\/www.biztreemgmt.com\/wordpress\/?p=7839"},"modified":"2023-05-24T09:50:20","modified_gmt":"2023-05-24T01:50:20","slug":"common-mistake-during-company-registration","status":"publish","type":"post","link":"http:\/\/www.biztreemgmt.com\/wordpress\/common-mistake-during-company-registration\/","title":{"rendered":"Common Mistake during Company Registration"},"content":{"rendered":"\n<p><strong>Spelling Mistake <\/strong><\/p>\n\n\n\n<p>First step to start entreprenuer journey is choose of company name .<\/p>\n\n\n\n<p>Must avoid any name with confusing spelling : <\/p>\n\n\n\n<p>example : <\/p>\n\n\n\n<p>Management may decide to have ABC SG Ptd Ltd instead of ABC Singapore Pte Ltd <\/p>\n\n\n\n<p>R<strong>egistered address<\/strong><\/p>\n\n\n\n<p>Do not confuse registered address with mailing address .<\/p>\n\n\n\n<p>Related article : <a href=\"http:\/\/www.biztreemgmt.com\/wordpress\/registered-address-vs-operation-address\/\">Different type of address <\/a><\/p>\n\n\n\n<p><strong>Wrong type of Company <\/strong><\/p>\n\n\n\n<p>Most of us prefer to register company with limited liabilities <\/p>\n\n\n\n<p>But company was registered as sole proprietor which company owner personal asset was exposed to risk.<\/p>\n\n\n\n<p>Related article;<a href=\"http:\/\/www.biztreemgmt.com\/wordpress\/pte-ltd-vs-sole-proprietorship\/\"> Different between sole proprietor vs Pte ltd<\/a><\/p>\n\n\n\n<p><strong>Board of directors <\/strong><\/p>\n\n\n\n<p>Singapore registered Pte ltd company must appoint at least 1 director. Asked yourself is that more than 1 director is a must.?<\/p>\n\n\n\n<p>Not every shareholder must be appointed as director. More director may cause administrative burden especially in signing director resolutions.<\/p>\n\n\n\n<p>If company have more than 1 director it is important to ensure directors is aware of their responsibilities towards company and shareholders .<\/p>\n\n\n\n<p><strong>Shareholder <\/strong><\/p>\n\n\n\n<p>Shareholder is the person who invest into company.<\/p>\n\n\n\n<p>It is generally not adviseable issue large amount of shares. <\/p>\n\n\n\n<p>More shareholder means more fund to run the Company . To avoid any future dispute it is advisable to have proper shareholders agreement in place<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Related Articles ; <a href=\"http:\/\/www.biztreemgmt.com\/wordpress\/wp-content\/uploads\/2023\/03\/shareholder-agreement-vs-com-constitution.pdf\">shareholder agreement vs company constitution<\/a> <\/p>\n\n\n\n<p><strong>Share class \/ type of share<\/strong><\/p>\n\n\n\n<p>Ordinary share is most common shares in Pte ltd company, some company may include preference share . <br><\/p>\n\n\n\n<p>Regardless type of share, please bear in mind that share represents ownership level in the company.so is important to consider how to structure it correctly.<\/p>\n\n\n\n<p><strong>WRONG TIMELY TO REGISTER<\/strong><\/p>\n\n\n\n<p>We all live in digital world now, you can register company anytime at anywhere.<\/p>\n\n\n\n<p>But before you do so , following is your consideration point :<\/p>\n\n\n\n<ul><li>If the newly registered company is subsidiary of Holding company, you must incorporate at the right time to have same financial year end.<\/li><li>If the company principal activity is event planner.Then pandemic is NOT the right time to proceed.<\/li><li>If newly Company is GST registered, then date of incorporation must be alight with GST reporting period.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spelling Mistake First step to start entreprenuer journey is choose of company name . Must avoid any name with confusing spelling : example : Management may decide to have ABC SG Ptd Ltd instead of ABC Singapore Pte Ltd Registered address Do not confuse registered address with mailing address . Related article : Different type<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[165],"tags":[448,233,449,450],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>common mistake during company registration<\/title>\n<meta name=\"description\" content=\"Mistake during company registration stage may caused you delay in signing or tender project. 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