by Willie Tan | Apr 8, 2024 | Glossary
Compulsory liquidation, also known as involuntary liquidation or winding-up by the court, is a legal process through which a company is forced to close and its assets are sold off to pay its debts. This process is initiated by a court order in response to a petition...
by Willie Tan | Apr 8, 2024 | Glossary
A limited partnership (LP) consists of two types of partners: general and limited partners. This structure allows for the combination of the management flexibility of a general partnership with the limited liability protection for certain partners similar to that of a...
by Willie Tan | Apr 8, 2024 | Glossary
A limited liability partnership (LLP) is a business structure that combines elements of a partnership and a corporation. It offers limited liability protection to its partners while allowing them to manage the business. Here are the key characteristics of a limited...
by Willie Tan | Apr 8, 2024 | Glossary
A limited liability company (LLC) is a business structure that combines the features of a corporation with those of a partnership or sole proprietorship. It provides limited liability protection to its owners, known as members while offering flexibility in management...
by Willie Tan | Apr 8, 2024 | Glossary
The “Letter of Consent” (LOC) issued by the Ministry of Manpower (MOM) in Singapore is a document that allows eligible foreign individuals to work in Singapore without needing to obtain a traditional work visa. The Letter of Consent is typically issued to...
