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Showing posts from December, 2022

What is Corporate Social Responsibility and How Does It Apply to Business?

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The term "corporate social responsibility" (CSR) refers to a self-policing corporate approach that enables an organisation to be socially accountable to its stakeholders, including its clients, workers, and employees. Corporate social responsibility, often known as corporate citizenship, is a way for businesses to be aware of how their actions affect the economic, social, and environmental facets of society.  A company that practises corporate social responsibility (CSR) does business in a way that enhances rather than degrades society and the environment.  Why Businesses Need to Be Socially Responsive  Companies are putting more emphasis on social responsibility, whether they are fighting for women's rights, preserving the environment, or making efforts to eradicate poverty on a local, national, or international scale. Socially conscious companies provide more aesthetically pleasing pictures to shareholders and customers, which helps their bottom lines.  Employees w...

How long does it take to incorporate a company in Singapore?

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A normal online business creation process lasts 3 to 6 working hours. A ready-to-trade corporation can be registered on the same day as a business formation application, which can normally be completed in 5 to 10 minutes.   So, let's briefly review the data you need to register a company, how long it takes to form a company, and how quickly Companies House processes online applications.   Information necessary to create a company:   You must include specific information on a business formation application form in order to register a company. The following information is needed to form a company:   Company name   Address for the registered office   Business activity   Directors’ details (minimum of 1)   Shareholders’ details (minimum of 1)   Company secretary’s details (optional)   You don't need different people for each job; one person can serve as a director, shareholder, secretary, and PSC. This basically means that you can start a b...