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So far Daryl has created 324 blog entries.

Is it possible for an individual to be both a director and a shareholder of a company?

Directors and shareholders serve as crucial participants within the structure of a company, exerting influence and shaping its decisions. They each have distinct responsibilities and fulfil separate functions. However, is it feasible for an individual to assume both the roles of a director and a shareholder? That's an excellent question! Let's delve deeper into this [...]

By |2023-05-30T15:06:01+08:00May 30th, 2023|Questions and Answers|

Should my shareholders and I draft a shareholders agreement and what should we take note of?

Considerations for the necessity of a shareholder agreement: While not mandatory, a shareholder agreement can greatly facilitate the smooth operation of a company or business. There are several reasons why a shareholder agreement may be required: a) To supplement the company's constitution. b) To incorporate specific provisions among shareholders. c) To address shareholder concerns. d) [...]

By |2023-05-25T12:32:13+08:00May 25th, 2023|Uncategorized|

Typical Pre-emptive Rights

Pre-emptive rights are rights that give the existing shareholders of the company the first right to purchase any shares that an existing shareholder may be selling. Such pre-emptive rights are important for a variety of reasons. The existing shareholders may not want the shares of the company to be transferred to someone who is not [...]

By |2023-05-24T11:52:07+08:00May 24th, 2023|Running a Company|

AGM exemption

An annual general meeting (AGM) is a mandatory yearly gathering of a company's stakeholders to discuss important matters concerning the business. At this event, the company's board of directors delivers an annual report containing information about the company's performance and strategies to shareholders. Shareholders with voting rights participate in the meeting to vote on various [...]

By |2023-05-10T17:15:29+08:00May 10th, 2023|Running a Company|

What is KYC?

KYC stands for "Know Your Customer." It is a process that businesses use to verify the identity of their customers and assess the potential risks involved in doing business with them. The KYC process involves collecting and verifying personal and financial information about the customer, such as their name, address, date of birth, and government-issued [...]

By |2023-04-20T15:40:55+08:00April 20th, 2023|What Is...|

What is directors and officers liability insurance?

Directors and Officers (D&O) Liability insurance is a type of insurance policy that provides coverage to directors and officers of a company for claims made against them while performing their duties. The policy covers the costs associated with defending against claims or lawsuits brought by employees, shareholders, customers, or other parties alleging wrongdoing or negligence [...]

By |2023-04-05T17:47:29+08:00April 12th, 2023|What Is...|

What is bootstrapping?

Bootstrapping a business means starting and running a business using one's own resources without external funding or significant debt. In other words, it refers to building a business from scratch by relying on personal savings, revenue generated by the business, and other non-traditional funding sources. The concept of bootstrapping in business has gained popularity in [...]

By |2023-04-03T16:54:45+08:00April 7th, 2023|Useful Incorporation Articles|

What is the fit and property criteria as defined by the Monetary Authority of Singapore?

The Monetary Authority of Singapore (MAS) has defined several fit and proper criteria that individuals and entities must meet to obtain and maintain their licenses to operate in the financial sector. These criteria are intended to ensure that only competent and trustworthy individuals and entities are allowed to operate in the financial sector and to [...]

By |2023-04-03T16:46:39+08:00April 5th, 2023|What Is...|
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