by admin | Apr 9, 2024 | Glossary
Quorum refers to the minimum number of members required to be present at a meeting for the meeting to be valid and for decisions made at the meeting to be binding. Understanding quorum is essential for ensuring the validity of corporate meetings and decision-making...
by admin | Apr 9, 2024 | Glossary
Resolutions, in the context of corporate governance, refer to formal decisions or actions taken by a company’s board of directors or shareholders during meetings. Understanding resolutions is essential for directors, shareholders, and corporate officers to...
by admin | Apr 9, 2024 | Glossary
Receivership refers to a legal process in which a receiver is appointed by a court or a creditor to take control of the assets and operations of a company in financial distress. Understanding receivership is important for stakeholders, including creditors,...
by admin | Apr 9, 2024 | Glossary
RaiSE, which stands for Singapore Centre for Social Enterprise, is a national platform established to support and promote the development of social enterprises in Singapore. Understanding RaiSE is crucial for individuals and organizations involved in the social...
by Willie Tan | Apr 8, 2024 | Glossary
The Long-Term Visit Pass (LTVP) is an immigration pass issued by the Immigration and Checkpoints Authority (ICA) of Singapore. It allows certain foreign individuals to stay in Singapore for an extended period to visit family members, accompany a work pass holder, or...
by Willie Tan | Apr 8, 2024 | Glossary
Voluntary liquidation, also known as members’ voluntary liquidation (MVL) or creditors’ voluntary liquidation (CVL), is a process through which a company decides to wind up its affairs and cease operations voluntarily. Unlike compulsory liquidation,...
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...
