| Quote: | | | Originally Posted by Calis | | | |
| Yup, that's the bootstrapping version. Depends on the business model and corporate identity required actually.
If a business is registered as a Private Limited (Pte Ltd), then the incorporation fee + Corporate Secretary's initial admin fees + annual retentions fees can cost up to $2000 (which I didn't add in in the example above as I'm using Sole Proprietor identity - 1 man show).
If a free-lance or part-time accountant is hired to do monthly book-keeping and addition $300/mth or $3600/yr expense is required. Then an annual audit costs $3000 and up depending on how complicated your accounts are. :biggrin4:
And not to forget, depending on which the industry and nature of business, getting relevant licenses and paying the license fees are required. | |
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You're amazing sia... How come you know so much about this?
