Best Business Lawyers in Bishan
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Singapore Business Legal Articles
Browse our 4 legal articles about Business in Singapore written by expert lawyers.
- Mediation: Parties get to meet early on
- I remember a case I did a few years back. The business dispute at the High Court was extremely litigious. Application after application, allegation after allegation. And this was between business partners who has started the business together and built it from scratch into a multi-million-dollar, international business spanning many... Read more →
- Mediation: Keeping disputes out of court
- To all business owners, managers, and executives. You start your business. You have a dispute. One thing that you will definitely regret in such a case is not having a mandatory Mediation Clause in your agreements.Singapore is at the forefront of the movement to encourage mediation instead of more abrasive... Read more →
- The Liability of Directors for Company Insolvencies
- Directors of an insolvent company owe a fiduciary duty to the general body of creditors of the company. Directors may be found in breach of such duties if they continue the business of their company without due regard for the collective interest of the creditors.There is, however, no specific rule... Read more →
About Business Law in Bishan, Singapore
Bishan, Singapore is a thriving district well-known for its vibrant business environment. Numerous corporate entities, from small enterprises to large corporations, operate within this region. Business law in Bishan includes a range of regulations pertaining to establishment, operations, compliance, merger, acquisitions, intellectual property rights, contracts, taxation, and more. The legal framework is efficient, fair, and supports a business-friendly climate, making it an attractive destination for entrepreneurs locally and globally.
Why You May Need a Lawyer
Regardless of the business size, having a lawyer's insights is crucial to protect your enterprise's interests. Examples of scenarios where you might need a lawyer include: drafting and reviewing contracts; ensuring compliance with local laws and regulations; resolving tax issues; dealing with potential legal disputes; initiating or responding to a lawsuit; acquiring, merging, or even selling a business; protecting patents, trademarks and copyright; and understanding necessary legal documents for running a business.
Local Laws Overview
Key local laws that are particularly significant in business operations in Bishan, Singapore include the Companies Act, which governs company formation, administration, and management; the Competition Act, which prevents anti-competitive activities; Contract Laws, which oversee dealings and business arrangements; and the Intellectual Property Law, which protects patents, trademarks, and copyrights. Also, Bishan as a part of Singapore strictly adheres to the Employment Act, where the rights and responsibilities of employers and employees are clearly stated.
Frequently Asked Questions
What type of corporate structure should I choose for my business?
The type of corporate structure you choose often depends on considerations such as your business's size, nature, and future expansion plans. Options include Sole Proprietorship, Partnership, Limited Liability Partnership, and Private Limited Company. It is advisable to consult a lawyer to determine the structure that best suits your needs.
Do I need to register my business in Bishan, Singapore?
Yes, under the Business Names Registration Act, all businesses operating in Bishan must be registered with the Accounting and Corporate Regulatory Authority (ACRA).
What laws am I essentially liable to adhere as a business operator?
The key statutes include the Companies Act, Employment Act, Competition Act, Contract Laws, and Intellectual Property Law. These will cover most aspects of your business's legal obligations.
What procedures do I follow if I want to close my business?
If you want to dissolve your business, you are required to follow a detailed process, including settling your debts, distributing assets, and notifications to stakeholders. A specific process can vary based on your business structure. Seek legal advice for a step-by-step guide.
How can I protect my business's intellectual property?
Intellectual property can be protected through patents, trademarks, and copyrights, as applicable. Consider consulting a lawyer to understand the best approach for your particular case.
Additional Resources
The government offers a wealth of resources for businesses. These include ACRA for registering your business, the Ministry of Manpower for labour regulations, and Intellectual Property Office of Singapore for intellectual property issues. Additionally, the Economic Development Board and Enterprise Singapore offer resources, support and incentives for businesses.
Next Steps
If you need legal assistance with your business in Bishan, Singapore, consider reaching out to a reputable business lawyer who understands local laws. Prepare a comprehensive list of any questions you may have and all relevant documents. This will ensure you're prepared for your consultation, and your lawyer can provide the best possible advice.
Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.