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Articles Of Incorporation For Sole Proprietorship

Articles Of Incorporation For Sole Proprietorship Template for Singapore

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Articles Of Incorporation For Sole Proprietorship

"I need Articles of Incorporation for Sole Proprietorship to establish my e-commerce business in Singapore, with specific provisions for digital transactions and international shipping operations, planned to commence by March 2025."

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What is a Articles Of Incorporation For Sole Proprietorship?

Articles of Incorporation for Sole Proprietorship are essential founding documents required when establishing a single-owner business in Singapore. This document is mandated by ACRA and must comply with the Business Registration Act and related Singapore regulations. It serves as the primary legal framework defining the business structure, ownership, and operational parameters. The document is particularly crucial for individuals seeking to formalize their business operations while maintaining complete ownership and control. It includes vital information such as business name, address, purpose, capital structure, and management framework.

What sections should be included in a Articles Of Incorporation For Sole Proprietorship?

1. Article 1: Business Name and Address: Legal business name and registered address details as per Business Registration Act requirements

2. Article 2: Business Purpose: Primary business activities and objectives of the sole proprietorship

3. Article 3: Ownership Structure: Details of sole proprietor and ownership rights, including citizenship status

4. Article 4: Capital Structure: Initial capital investment and financial structure of the business

5. Article 5: Management: Management structure and decision-making authority of the sole proprietor

What sections are optional to include in a Articles Of Incorporation For Sole Proprietorship?

1. Succession Planning: Provisions for business succession and transfer of ownership

2. Authorized Representatives: Appointment and powers of authorized representatives for non-resident owners

3. Employee Provisions: Basic employment terms and conditions for future employees

What schedules should be included in a Articles Of Incorporation For Sole Proprietorship?

1. Schedule A: Business Assets: Detailed inventory of initial business assets and their valuations

2. Schedule B: Operating Licenses: List and copies of required business licenses and permits

3. Appendix 1: ACRA Forms: Completed ACRA registration forms and supporting documentation

4. Appendix 2: Business Plan: Comprehensive business plan including financial projections and operational details

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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alex.den.21@genieai.co
Industries

Business Registration Act (Chapter 32): Primary legislation governing the registration and regulation of businesses in Singapore

Business Names Registration Act 2014: Law governing the registration and use of business names in Singapore

Companies Act (Chapter 50): Main legislation governing corporate entities in Singapore, providing legal framework for business operations

ACRA Guidelines: Regulatory guidelines from the Accounting and Corporate Regulatory Authority for business registration and compliance

Business Registration Regulations: Specific regulations detailing the requirements and procedures for business registration

Personal Data Protection Act 2012: Legislation governing the collection, use, and disclosure of personal data in business operations

Registration Requirements: ACRA-specific requirements for business registration including documentation and procedures

Business Name Restrictions: Rules and restrictions regarding acceptable business names and naming conventions

Business Activity Permissions: Requirements for specific licenses and permits based on business activities

Business Address Registration: Requirements for registering and maintaining a valid business address in Singapore

Authorized Representatives Requirements: Rules regarding appointment of local representatives for non-Singaporean business owners

Income Tax Act: Tax legislation governing business income and tax obligations

Employment Act: Legislation governing employment relationships and worker rights if hiring employees

Industry-Specific Regulations: Additional regulations that may apply depending on the specific industry or business sector

Central Provident Fund Act: Legislation governing mandatory social security savings system for employees in Singapore

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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