Do I need to set up a company if...

• 61693

  23 Jul 07, 10:55

  Do I need to set up a company if I wanna make a website that pays people for their contribution.
  
  Is sgForums a company?
• de_middle

  23 Jul 07, 11:08

  PM Jason....thanks
• 61693

  23 Jul 07, 11:13

  I dont think he will reply, I am looking for an answer from you guys, thats why its in this forum.
• de_middle

  23 Jul 07, 11:15

  did u even try
• 61693

  23 Jul 07, 11:22

  As I said, I want an answer from the public
• mochou

  23 Jul 07, 12:54

  Your website only pay out to others?
  No income???
  
• Devil1976

  23 Jul 07, 13:21

  Originally posted by 61693:

  As I said, I want an answer from the public

  Chances are, the public won't be the one deciding if you should be convinced of any charge should anything happens...?
• 61693

  23 Jul 07, 16:58

  Of course I will get income, But I will share it with the users on my site, so by doing this, do I need to set up a company since I am paying people?
• cottonbuds

  23 Jul 07, 18:21

  I believe that any form of trade whether it be monetary or barter trade, a business registration has to be registered with the ROC. Unless you are solely surviving on the voluntary donations from people, than a business registration won't be necessary but still you have to register a non-profit organisation through ROC as well.
  
  Bottomline is, yes, you need to register whether be it profit or non-profit organisation. Check with www.acra.gov.sg , they have more information there.
• the_fallen

  23 Jul 07, 18:27

  Originally posted by 61693:

  Do I need to set up a company if I wanna make a website that pays people for their contribution.
  
  Is sgForums a company?

  i don't think u need to set up a company
  
  all u need is just a web-site will do..
  
  just like emailcashpro, synovate and other email survey portals etc..
  
  as long as you didn't do any underground stuff than you're safe...
  
  if you do set up a site like that, do PM me the site and i'll join..haha..
  
  so i can get some income, at least a little bit is better than none..
• 0oohLaLa

  23 Jul 07, 18:27

  Copyright © 1999-2007. A quality website by Jeyel Media (UK) Limited. All Rights Reserved.
  Advertise popup: none timeflag: 01.01.70, 7:30:00.
  Cached: Thread, shoutcast, sessions-sgForums.com.
  0-body-0-x 0.01. gSafe:1
  
  sgforums is from a company named Jeyel Media (UK) Limited
• rathcycle

  23 Jul 07, 19:03

  sgforums is not a company..
  its under a company.
• Cullen[10]

  23 Jul 07, 20:12

  oooh lala said its from wad.
• crazy monkey

  23 Jul 07, 20:19

  Originally posted by 61693:

  Do I need to set up a company if I wanna make a website that pays people for their contribution.
  
  Is sgForums a company?

  you pay me first then i tell you
• 61693

  23 Jul 07, 20:23

  nevermind.. I dont need to pay you..I believe I pretty much got the answer I want, still whoever have their own views, please tell me as long as you keep it free
• maurizio13

  23 Jul 07, 20:34

  Originally posted by 61693:

  Do I need to set up a company if I wanna make a website that pays people for their contribution.
  
  Is sgForums a company?

  What kind of business entity do you want to set up? Limited Liability Partnership, Sole Proprietor or Company?
  
  The only exclusions I can think of are taxi drivers and hawkers.
  
  http://www.acra.gov.sg/company/index.html
• <Precious>

  23 Jul 07, 20:41

  Your description is too vague.... more details please.
  
  If you plan to make profits from the creation of the website, then you may want to register a business which may be a sole proprietorship or a partnership. You do not necessarily have to incorporate a company if you do not intend to take a bank loan etc.
  
  If you want to understand more, you may pm me!
  
• 61693

  23 Jul 07, 20:44

  Ok here is what I wanna do, I wanna create a website,where people post content ..and whatever revenue I get from it, I will share it with the creator of the work. SO do I need to setup a company in order to do this activity on a website?
  
  I cannot reveal much here cause I am scared people may steal ideas
• Y_Shun

  23 Jul 07, 20:50

  Originally posted by 61693:

  Ok here is what I wanna do, I wanna create a website,where people post content ..and whatever revenue I get from it, I will share it with the creator of the work. SO do I need to setup a company in order to do this activity on a website?
  
  I cannot reveal much here cause I am scared people may steal ideas

  Post what content? what revenue source are you getting from ? advertisement? etc...
  
  if its from advertisements clicking, i think u can forget it
  
  dun forget that you need to get ppl to your site, the advertising fee already cost a bomb~
• 61693

  23 Jul 07, 21:06

  Originally posted by Y_Shun:

  Post what content? what revenue source are you getting from ? advertisement? etc...
  
  if its from advertisements clicking, i think u can forget it
  
  dun forget that you need to get ppl to your site, the advertising fee already cost a bomb~

  ok..obviously you don t know much..you dont need to pay to ask people to advertise on your site, it works the other way round. And..do you know what is adsense, adbrite? look it up..
  
  when will I get a serious answer?
• the_fallen

  24 Jul 07, 00:01

  Originally posted by 61693:

  Ok here is what I wanna do, I wanna create a website,where people post content ..and whatever revenue I get from it, I will share it with the creator of the work. SO do I need to setup a company in order to do this activity on a website?
  
  I cannot reveal much here cause I am scared people may steal ideas

  this 1 i also know, in fact just a few days back, i went to a seminar at York Hotel, a hotel which is hard to find in orchard..
  
  there the speaker gave us 12 free websites to earn money from with no strings attached..and showed us a bit on where and how to earn money by providing content..
  
  i also have lots of ideas for online portal...but it's tough work..
• Nikar2

  24 Jul 07, 00:28

  no need.......even folks like xia-xue who make $$$ from websites never register a company.