Types of non-profit entities you can set up through incorporation services

1. Types of non-profit entities you can set up through incorporationservices Singapore is known for the policies the government has in place for making the accounting services easy in Singapore. Accounting services are simply not only for for-profit entities but also for the non- profit ones which are further made easier and cost-effective by the incorporation services in Singapore, company incorporation firms provide. However, it’s still important to know what kind of non- profit entities in Singapore Accounting services firms can help you set up so that you can make an informed choice about the incorporation services you wish to avail.

2. One of the types of non-profit entities you can set up in Singapore with the help of the incorporation services is known as Public Company Limited by Guarantee. This type of non-profit entity can function just like any other organization and can get involved in contracts and deals with other organizations just like an individual body can do with low liability on the member. The second type of non- profit entity in Singapore Audit firms can help you establish known as a Society. A society is known to be a little less formal than a public company limited by guarantee and is quite simple to set up. However, it has a lot of demerits such as it cannot operate as an independent legal entity which increases the liability on the members. The final type of non-profit entity that you can set up with the help of incorporation services is known as Charitable Trust. A charitable trust can be started by an individual but requires a group of trustees to manage it whose roles are defined within the trust through a deed that serves as a guideline that they need to adhere to. With a sound knowledge about all these types of entities, you can make a wise choice before starting your first non-profit entity.