Company incorporation is simply the legal process of forming a new corporation and acknowledging that existence through a state charter. In this case, the law recognises a certain company as a separate entity. That said it can freely exercise its rights the same way as an individual does.
This term is one of the important things you need to know if you plan to setup your own company. Understanding the details that relate to this process can help you exploit the benefits that it brings to the table. In effect, you can fashion better decisions that will positively affect your venture not only at present but even in the future.
The Process Called Company Incorporation
The process typically sees the applicant filing the proposed company name together with the important documents bearing the contact details of the company directors and its stakeholders. The applicant can employ the help of a service provider whose experience, expertise and competent workforce can provide proper guidance and assistance throughout the course. Such assistance includes the preparation of the required documents of incorporation.
The application requires the submission of more than a few documents. Generally, a copy of the passport, proof of address, bank reference letter, copy of the Singapore ID, copy of the certificate of incorporation and a copy of the document bearing the registered address and directors are asked by the registrar of companies.
Company Incorporation And Its Simple Requirements
From the onset, the process may appear tedious especially since most of us are overwhelmed by the need to prepare pertinent documents. However, these documents are something we have stored in the filing cabinet for instance. They aren’t exactly those we need to secure just so we can comply with the requirements. We need not endure the hassle of lining up and waiting endlessly for a form that appears nothing more than a simple piece of paper. After all, not much effort is actually asked of us even when the benefits of company incorporation can significantly improve our chances for success.