If you are currently running a Sole Proprietorship or Limited Liability Partnership (LLP) Singapore business, at some point, you may have considered converting it into a Private Limited (Pte Ltd) company. There are many reasons for this consideration, with most of them linking to ‘expansion’. This conversion will definitely help expand your business, with more opportunities of funding and better protection in terms of personal liability.
As an experienced firm in this matter, Timcole is here to reassure you that this conversion is possible. However, before you proceed, we advise that you take some time to consider whether you are ready to take this step further with your business.