... of the Act for a company limited by guarantee is set out in the Second Schedule. Limited Liability Company (LLC) is a company incorporated by registering with Accounting and Corporate Regulatory Authority (ACRA) of Singapore under the Companies Act. Public Company Limited by Guarantee – Different from other types of Limited Liability Companies, a public company limited by guarantee is ideal for undertaking non-profit activities which are of national interest. The registration fee is SGD600, plus SGD15 for company name approval. A Singapore company set up as a public company limited by guarantee must include the suffix “Limited” in its name. It has no share capital, and therefore usually consists of members rather than shareholders. Companies limited by guaranteeby Practical Law CorporateRelated ContentAn introduction to companies limited by guarantee.

When the business does earn a surplus from its activities, it is used to fund future projects. A company limited by guarantee can distribute its profits to its members, if allowed to by its articles of association, but then it would not be eligible for charitable status. The company can enter into contracts and own assets. A company limited by guarantee can distribute its profits to its members, if allowed to by its articles of association, but then it would not be eligible for charitable status. Charities which are companies limited by guarantee have to be audited based on the requirements under the Companies Act. A Public Company Limited by Guarantee is one which carries out non-profit activities with the national or public interest, such as the promotion of art or charity.

A Singapore public company limited by guarantee is one which carries out non-profit making activities that have some basis of national or public interest e.g. When the business does earn a surplus from its activities, it is used to fund future projects. This notes sets out how such companies are formed, their constitution and operation and the circumstances in which they are used.Free Practical Law trialTo access this resource, sign up for a free trial of Practical Law.Free trialAlready registered? For the other charities, those with annual income or expenditure exceeding $250k are subject to external audit. - the Singapore public company limited by guarantee which can be created for non-profit purposes. A few aspects which need to be considered when setting up a limited liability company in Singapore are that the private exempt company requires a maximum number of 20 shareholders, while the public company requires at least 50 shareholders. If you wish to remove the “Limited” in your organisation’s name after incorporation, one condition is that the company does not distribute profits. CorporateGuide aims to be Singapore’s leading online information hub for Singapore entrepreneurs, startups, growing companies and foreign enterprises to easily obtain resources and guidelines to start, manage and grow their businesses in Singapore. It is a company and is separate from the members of the company. Trade Limited is a trade association set up as a company limited by guarantee.

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