Anyone who wants to start a business in Singapore should know about the different types of business structure. Basically, there are four main types of companies in Singapore.1. Limited Liability CompanyA limited liability company (LLC) is most often not limited by stock. Business owners are protected from liabilities that may arise from the business. An LLC usually operates as a separate legal entity, quite similar to a corporation. There are three types of LLC in Singapore: limited liability company, private limited company and public company limited by guarantee. - Limited Liability Company (Pte. Ltd.): This type of LLC is a preference for many business entities in Singapore. Members are not responsible for corporate debts exceeding the contributed share capital. The company's shares belong to 50 people or even much less. These shares are often owned by a corporate entity or individual and are not available to the general public. It is a preference for many because it is easier to manage. Shares can be easily transferred; has easier means to raise capital and offers a more credible image. - Public Limited Company: This type of LLC is different from a Pte Ltd. A company's shares are often available to the general public. These companies will be found on the stock exchange. The number of shareholders is at least 50 people. Since this type of society involves the general public, there are more rules and regulations that prevent exploitation and misuse of public funds. This option is best for large businesses. - Public limited liability company by guarantee: Unlike a public limited liability company and a private limited liability company, this type of company is formed for non-profitable reasons. It is a public body......middle of paper......and contributes to its management. This company offers similar benefits to a limited liability company. This partnership is best for companies where professionals have a joint practice. It requires a lot of organization and planning ahead. In this regard, in most cases it is necessary to have a lawyer draft the agreement. All entities and business structures are best suited to different scenarios. A venue in Singapore, for example, would work best with a sole proprietorship if it is the sole owner and if the products and services do not present risks and liabilities. If you are a professional who is looking to start a business with several partners in your field, then you can consider a limited liability partnership. The best choice for many businessmen and entrepreneurs is a limited liability company.