TYPES OF COMPANIES

There are two major categories of companies: Private company and Public company which further have two more types.

Private Company:

A Private company is type of company where the maximum number of members or shareholders is not more than 50.

Exempt Private Company:

A type of private company where the maximum number of shareholders is limited to 20 and none of them is a corporate entity or a company.

Public Company Limited by Shares:

A type of company having more than 50 members or shareholders; where the liability of the members is limited to the number of shares owned by them. A public company can raise capital by issuing shares or debentures to public at large. However, before doing so, it has to submit and get registered a share issuance prospectus with the Monetary Authority of Singapore.

Public Company Limited by Guarantee:

A public company limited by Guarantee is generally involved in non-profit and non-commercial activities which are for public interest or public welfares. The liability of its members in limited to the amount undertaken by them at the time of registration of the company or at the time of becoming member of the company.