Type of Companies in Singapore

There are different types of companies that you can setup in Singapore. The 2 main types are Sole-Proprietor/Partnership (know as Business) and Private Limited (know as Limited Company)

As business, all your personal assets are at risk in the event of a failure. Unlike business, limited company is a legally separate entity in its own right. The directors and shareholders have limited liability. As long as the business is operated legally and within the terms of the Companies Act, their personal assets are not in risk in the event of a winding up or receivership if all shares have been issued and paid up.