Articles of Incorporation for Sole Proprietorship are essential founding documents required when establishing a single-owner business in Singapore. This document is mandated by ACRA and must comply with the Business Registration Act and related Singapore regulations. It serves as the primary legal framework defining the business structure, ownership, and operational parameters. The document is particularly crucial for individuals seeking to formalize their business operations while maintaining complete ownership and control. It includes vital information such as business name, address, purpose, capital structure, and management framework.
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1. Article 1: Business Name and Address: Legal business name and registered address details as per Business Registration Act requirements
2. Article 2: Business Purpose: Primary business activities and objectives of the sole proprietorship
3. Article 3: Ownership Structure: Details of sole proprietor and ownership rights, including citizenship status
4. Article 4: Capital Structure: Initial capital investment and financial structure of the business
5. Article 5: Management: Management structure and decision-making authority of the sole proprietor
1. Succession Planning: Provisions for business succession and transfer of ownership
2. Authorized Representatives: Appointment and powers of authorized representatives for non-resident owners
3. Employee Provisions: Basic employment terms and conditions for future employees
1. Schedule A: Business Assets: Detailed inventory of initial business assets and their valuations
2. Schedule B: Operating Licenses: List and copies of required business licenses and permits
3. Appendix 1: ACRA Forms: Completed ACRA registration forms and supporting documentation
4. Appendix 2: Business Plan: Comprehensive business plan including financial projections and operational details
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