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| | |-+  is it very crucial to have the business activity correct with ACRA?		 0 Members and 1 Guest are viewing this topic. « previous next »
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Author Topic: is it very crucial to have the business activity correct with ACRA?  (Read 421 times)
kite
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« on: October 18, 2008, 10:05:30 AM »
if it differs slightly from what we're doing?
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Nicholas Chan
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« Reply #1 on: October 19, 2008, 11:36:41 AM »
It does affect in some way; one of my IT firms was originally registered as a publishing firm so we get the occassional odd request from government bodies for sales stats and so on.
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andy55400
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« Reply #2 on: October 19, 2008, 04:05:22 PM »
Hi there ,

This is Andrew and I am new to the biz world.
NIce to meet all of you. And very much willing to learn from you guys.

Currently, I am doing some pushcart biz and are looking for consignor of goods and products to lower down our cost.

Do you have any way to go about??
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Nicholas Chan
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« Reply #3 on: October 20, 2008, 09:24:29 AM »
Good day Andrew,

Welcome here; however what does your question have to do with the threadstarter's question on the ACRA registered business activity?

Quote from: andy55400 on October 19, 2008, 04:05:22 PM
Hi there ,

This is Andrew and I am new to the biz world.
NIce to meet all of you. And very much willing to learn from you guys.

Currently, I am doing some pushcart biz and are looking for consignor of goods and products to lower down our cost.

Do you have any way to go about??
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"All that is necessary for the triumph of evil is that good men do nothing." -Edmund Burke
---
Azione Capital Pte Ltd - Providing guidance, assistance and funding to Asian startups and entrepreneurs since 2006

- View Nicholas Chan's profile on LinkedIn
THOMASNG
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« Reply #4 on: October 20, 2008, 10:05:42 AM »
Hi Kite

It is important to register the correct business activity that you are in.

If there are mistake, what you need, amend it through ACRA website. 

There are some concerns for not doing so, for example the need of the insurance cover, may face difficulties with the insurance company.
 
The statistic board would need feedback from SME for some survey.wrong info provide may face prosecute by the authority.

Furthermore when business expand need loan, may face some issue with the Banker.


Cheer
Thomas



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kite
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« Reply #5 on: October 21, 2008, 01:56:00 PM »
ok thanks, but ACRA is SLOW in responding to mistake and the kept saying that i entered wrongly when it was captured wrongly!!

argh!!!

after i've paid, they didn't even bother to reply my emails! =(
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