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Setting Up and Running A Business is a Program

Setting Up and Running A Business

Self-paced

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Full program description

Setting Up and Running A Business

Course Overview

For SEP Schedule, please click here.  

The course aims to provide an overview of how you could protect yourself and get a fundamental understanding of the formation of companies. You will learn how to set up and conduct your businesses effectively within the regulations that govern companies and their administration.

The focus of the course is to introduce participants to the Companies Act and its practical application for Company Secretaries.

It is primarily targeted at freelancers who manage their own business and involved in decision making and running of their respective companies.

Course Duration

Duration: 1 day

Min Class Size: 12

Maximum Class Size: 24

Course Outline

Types of Business Organisations

  • Companies
  • Sole proprietor
  • Partnerships
  • Limited liability

Incorporation of Companies

  • Pre-incorporation
  • Memorandum and articles of association
  • Advantages of formation of companies

Shares and Membership

  • Shareholders rights
  • Maintenance of capital

Management and Administration

  • Annual general meetings
  • Extraordinary general meetings
  • Directors duties & liabilities
  • Company administration & company secretary
  • Annual returns & financial accounts

Corporate & Personal Insolvency

  • Winding up / liquidation of companies
  • Judicial management
  • Debt recovery procedures

Mode of Assessment

  • 10 to 20 questions quiz

  • One-Minute Paper: Answer a brief question in writing

Course Objectives

This course will equip you with practical, working knowledge of the company law principles that are required to enable you to manage a company. Upon completion of the training, participants will be able to explain the differences between different types of business vehicles and when each type is used, and the duties and legal responsibilities of directors. This course also discusses the manner in which companies are governed, the rights of shareholders, how companies raise capital, as well as the various ways companies can be closed.

Price

 

Individual Sponsored

Non-SME

SME

 

w/o GST

w GST

w/o GST

w GST

w/o GST

w GST

Original Course Fee

$200.00

 $214.00

 $200.00

 $214.00

 $200.00

 $214.00

Singapore Citizens & PRs aged 21 years and above

$72.50

$86.50

 $72.50

 $86.50

 

 

Singapore Citizens aged 40 years and above

$20.00

 $34.00

 $20.00

 $34.00

 

 

Singapore Citizens aged 35 years and above who are not earning more than $2,000 per month (WTS Scheme)

$10.00

 $24.00

 $10.00

 $24.00

 $10.00

 $24.00

Enhanced Training Support for SMEs Companies

 

 

 

 

 $20.00

$34.00

Course reference code in SkillsConnect:

  • For Training Grant application, please use the following reference code

Reference code: CRS-N-0051700

Skills Development Fund (SDF) and SkillsFuture Funding:

  • Participants must attend at least 75% of the course, complete the exam with a pass or competent result
  • Workforce Training Support (WTS) funding only applies to trainee who is 35 years old and above with a monthly income of $2,000 and below

For Company Registration:

  • Customers who are applying funding for trainee(s), please submit Training Grant applications in SkillsConnect website before registration
  • Training Grant number is to be submitted together with the registrations
  • Online applications are not applicable for companies applying funding with Absentee Payroll
  • Payment for the course must be using company cheque or via GIRO
  • For more information on SDF Training Grant application, please click HERE

Union Training Assistance Programme (UTAP):

Course may be applicable for UTAP funding. Please contact sales consultants for more information.

Terms and conditions apply. NTUC LearningHub reserve the right to make changes or improvements to any of the products described in this document without prior notice.

Prices are subject to other LHUB miscellaneous fees.