PART 1 OF 2)
My answer with regards to your Question :
The decision to purchase a full commercial shop under a personal name or a company name involves various considerations, and the choice depends on your specific circumstances and objectives. Here are some factors to consider:
Buying under Personal Name:
1. Simplicity: Purchasing the property in your personal name is generally simpler and involves fewer administrative requirements.
2. Personal Liability: You will have personal liability for any obligations or debts related to the property.
3. Taxation: Your personal income tax situation will be relevant, and you may be subject to personal income tax on any income generated from the property.
Buying under Company Name:
4. Limited Liability: One of the main advantages is that the company structure provides limited liability, which means your personal assets are generally protected from business liabilities.
5. Tax Planning: Depending on your overall financial situation and goals, using a company structure may offer tax planning advantages. However, tax laws can be complex, and it's advisable to consult with a tax professional.
6. Transfer of Ownership: Transferring ownership or selling the property might be more straightforward with a company structure.
7. Business Use: If you plan to use the property for business purposes, having it under a company name may align with your business operations.
Before making a decision, consult with legal and financial professionals who can provide advice tailored to your situation. They can help you understand the legal, financial, and tax implications associated with purchasing commercial property under a personal name or a company name.
I'm Happy to Help with No obligations ! If you have any more questions or need assistance,FEEL GOOD to let me know. I'm here for You ! Cheers :)
Able Toh, Singapore Mobile :(
+65) 9856 9255
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(PART 2 OF 2)
2 CHOICES Highly Recommended for you !
(1) GOOD CHOICE :CONNECT with me at :
Able Toh, Singapore Mobile :(
+65) 9856 9255
OR
(2) WISE CHOICE : SAVE my name and mobile for your FUTURE Real Estate Needs for Your OWN NEEDS or REFERRAL NEEDS : Your FAMILY /FRIENDS NEEDS ( As I try my best to PRO a network of Professionals such as lawyers , Mortgage bankers or Home insurance specialist or partnering with other co-broke property agents ) to make property Purchase / Sales / Rent a TIME & EFFORTS SAVING Journey For You :)
Please Choose and Hopefully you DO IMPLEMENT :)
Final note : For BUYERS : SOLUTION for sourcing of RESALE and NEW PRIVATE Home such as Condominium or Landed properties. Represent you as BUYER > Currently there will be No FEES / Commission Charged to you . ( If required a fee for some situations, I will discuss further and seek your approval first )
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