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Thread: Looking for lawyer

  1. #1
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    Default Looking for lawyer

    Hi,
    I want to convert my sole-proprietor business to pte ltd company and have some questions regarding taxes. Anyone could recommend a lawyer who could give a consultation regarding this matter?

    Thanks
    Last edited by mutabor; 7th November 2006 at 11:38 AM.

  2. #2
    Senior Member glennyong's Avatar
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    Default Re: Looking for a layer

    Quote Originally Posted by mutabor View Post
    Hi,
    I want to convert my sole-proprietor business to pte ltd company and have some questions regarding taxes. Anyone could recommend a layer who could give a consultation regarding this matter?

    Thanks
    layer ???? photoshop create new layer ?

    or u mean lawyer ?

  3. #3
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    Default Re: Looking for a layer

    Quote Originally Posted by glennyong View Post
    layer ???? photoshop create new layer ?

    or u mean lawyer ?
    opps ...lawyer of course

  4. #4
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    Default Re: Looking for lawyer

    why would you need a lawyer? I think you can try to find the information from www.acra.gov.sg instead or set up appointment with them for enquiry.

    Or better still just opt for a new start up as pte ltd, and transfer your clients to the new company.

    As for taxes, look for the tax department for questions.
    I lup SG, but SG don't love me...

  5. #5
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    Default Re: Looking for lawyer

    Well here comes the tricky part.. as a sole proprietor I pay taxes only once. In case of pte ltd I'll have to pay the company taxes and my personal taxes. And I've been told by a few local friends that there are legal ways to reduce this double taxation. Hence I'm looking for a lawyer who could give a consultation regarding this matter.

    Quote Originally Posted by Sjourn View Post
    why would you need a lawyer? I think you can try to find the information from www.acra.gov.sg instead or set up appointment with them for enquiry.

    Or better still just opt for a new start up as pte ltd, and transfer your clients to the new company.

    As for taxes, look for the tax department for questions.

  6. #6
    Member Static's Avatar
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    Default Re: Looking for lawyer

    Maybe u can post on the services offered.

    We have foc photographers, makeup artists, models, maybe can get foc lawyers too.

    (pun not directed at u)
    陳綺貞 2010 [夏季練習曲] 巡迴演唱會 Cheer Concert 13 Nov 2010 MAX Pavilion@Singapore Expo

  7. #7

    Smile Re: Looking for lawyer

    or consult a cpa.

    Quote Originally Posted by Sjourn View Post
    why would you need a lawyer? I think you can try to find the information from www.acra.gov.sg instead or set up appointment with them for enquiry.

    Or better still just opt for a new start up as pte ltd, and transfer your clients to the new company.

    As for taxes, look for the tax department for questions.

  8. #8

    Default Re: Looking for lawyer

    maybe you can contact Vince123123.
    He seems well versed with legal issues.

  9. #9

    Smile Re: Looking for lawyer

    given such scenario, i am wondering why would income be taxed twice? double taxation?

    Quote Originally Posted by mutabor View Post
    Well here comes the tricky part.. as a sole proprietor I pay taxes only once. In case of pte ltd I'll have to pay the company taxes and my personal taxes. And I've been told by a few local friends that there are legal ways to reduce this double taxation. Hence I'm looking for a lawyer who could give a consultation regarding this matter.

  10. #10
    Senior Member +evenstar's Avatar
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    Default Re: Looking for lawyer

    photography forum become law consultation firm...
    eat. drink. shoot

  11. #11
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    Default Re: Looking for lawyer

    Quote Originally Posted by mutabor View Post
    Well here comes the tricky part.. as a sole proprietor I pay taxes only once. In case of pte ltd I'll have to pay the company taxes and my personal taxes. And I've been told by a few local friends that there are legal ways to reduce this double taxation. Hence I'm looking for a lawyer who could give a consultation regarding this matter.
    I thought accountant should be more familiar regarding tax???
    Sony Alpha 700 hobbyist

  12. #12
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    Default Re: Looking for lawyer

    Quote Originally Posted by mutabor View Post
    Well here comes the tricky part.. as a sole proprietor I pay taxes only once. In case of pte ltd I'll have to pay the company taxes and my personal taxes. And I've been told by a few local friends that there are legal ways to reduce this double taxation. Hence I'm looking for a lawyer who could give a consultation regarding this matter.
    It is not called double taxation, one is personal tax which everyone has to pay, the other is company tax which if you have a business also must pay.

    For companies, if you want to reduce taxation, you should consult CPA (certified public accountant) instead, they know the ins and out of company matters and taxes.

    I still don't understand why you need a lawyer for?
    I lup SG, but SG don't love me...

  13. #13
    Moderator ortega's Avatar
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    Default Re: Looking for lawyer

    bill everything as business cost and take minimum wage to avoid tax

    wah lau ah beng selling chicken rice also know that

  14. #14

    Default Re: Looking for lawyer

    Quote Originally Posted by glennyong View Post
    layer ???? photoshop create new layer ?
    hahahahaha.........

    i think you need an accountant, not a lawyer.

    There is no such thing as double taxation .... remember, a "pte Ltd" is a separate entity, ie. like a different person. Pte Ltd is taxed at company rate, and sole proprietor is in personal rate.
    There are distinct advantages and disadvantages in both setup. One of the disadvantages is that you need to keep a more proper set of account and as well the tax rate is much higher for Pte Ltd.
    Briefly, unless you have some partners and unless the company is doing very well (good income) or unless you need financing from banks, investors, etc.. forget about Pte Ltd.
    Actually no need to consult any accountant, just buy a DIY book and read about the differences and if you have make a decision then go look for an accountant in the yellow pages.
    always the Light, .... always.

  15. #15
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    Default Re: Looking for lawyer

    ok guys, you convinced me. I'm no longer looking for a lawyer. May be will post "looking for an accountant" thread latter

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