{"id":8114,"date":"2024-05-07T16:54:15","date_gmt":"2024-05-07T08:54:15","guid":{"rendered":"http:\/\/www.biztreemgmt.com\/wordpress\/?p=8114"},"modified":"2024-05-07T16:54:16","modified_gmt":"2024-05-07T08:54:16","slug":"sole-proprietor-is-the-better-option-compare-with-pte-ltd","status":"publish","type":"post","link":"http:\/\/www.biztreemgmt.com\/wordpress\/sole-proprietor-is-the-better-option-compare-with-pte-ltd\/","title":{"rendered":"Sole Proprietor is the better option compare with Pte Ltd ?"},"content":{"rendered":"\n<p id=\"ember797\">Do you agreed with above statement ?<\/p>\n\n\n\n<p id=\"ember798\">Public always have impression that sole proprietor is great choice to start entrepreneurship compare with Pte Ltd due to the following 2 major reason :<\/p>\n\n\n\n<ul><li>compliance cost and<\/li><li>complicated incorporation requirement<\/li><\/ul>\n\n\n\n<p id=\"ember800\">But asked yourself is Separate legal entity concept carry by PTE LTD good enough to change your mind ?<\/p>\n\n\n\n<p id=\"ember801\">Separate Legal entity means that your personal asset will be protected if anything happen to your business example company been sued ,<\/p>\n\n\n\n<p id=\"ember802\">Sole proprietorship NOT able to provide above protection.<\/p>\n\n\n\n<p id=\"ember803\">If sole proprietorship still your choice, you need to take note of the following:<\/p>\n\n\n\n<ul><li>Is the business type consider high risk ? Example business transaction involved with huge amount of cash<\/li><li>Is the business compliance level is high example you need to comply with different country regulations<\/li><li>Is the business involve with high risk country example is listed as <a href=\"https:\/\/www.fatf-gafi.org\/en\/publications\/High-risk-and-other-monitored-jurisdictions\/Increased-monitoring-february-2024.html\">FATF watch list<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Do you agreed with above statement ? Public always have impression that sole proprietor is great choice to start entrepreneurship compare with Pte Ltd due to the following 2 major reason : compliance cost and complicated incorporation requirement But asked yourself is Separate legal entity concept carry by PTE LTD good enough to change your<\/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":[466,343,420],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sole Proprietor ; sole proprietor vs Pte ltd<\/title>\n<meta name=\"description\" content=\"Sole proprietor and Pte Ltd is the popular business vehicle in Singapore. Both carry different right to the business owner .\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.biztreemgmt.com\/wordpress\/sole-proprietor-is-the-better-option-compare-with-pte-ltd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sole Proprietor ; sole proprietor vs Pte ltd\" \/>\n<meta property=\"og:description\" content=\"Sole proprietor and Pte Ltd is the popular business vehicle in Singapore. 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