When incorporating, entrepreneurs can choose from various business vehicles, but the Private Limited Company (Pte Ltd) is by far the most popular. Why?
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Separate Legal Entity: The company exists as a distinct legal individual. It can own property, enter contracts, and sue or be sued in its own name.
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Limited Liability: Shareholders are not personally liable for the company’s debts or losses beyond their invested share capital.
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Tax Efficiency: Pte Ltd companies gain access to Singapore’s lucrative corporate tax incentives and exemptions, whereas sole proprietorships are taxed at higher individual income rates.
