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Companies in the legal system of SingaporeAccording to Company Law (Act No. 50), 2 or more people might formed companies operating as legitimate purposes through the they signed on to the agreement established the company and comply with the rules of registration. In any case a company must have at least 2 members, unless the company is a subsidiary company 100% owned by a rental company. If the company in the course of the operation which left one Member and the company continued to operate over the month, this member is guilty of a law firm and is responsible for all the debt occurred in the company owning the stock of the company is mandatory.The law stipulates there are 3 forms of companies:Limited liability company under the stock: the responsibility of the Member companies is finite and limited only to the price has been paid or not paid in shares they hold (if available). This is the usual company form was established to implement the business for profitable purposes.Limited liability company by guarantee: members ' liability is limited company and limited only to the value that they committed individuals to contribute to the company's assets in case of dissolution.Unlimited liability company: the company is responsible for the operations of the infinite.
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