Paul Hype Page & Co.
Certified Public Accounting Firm
Support + (65) 6221 4711
What is the difference between termination and cessation of business?
Termination carries a $20 filing fee whilst the notice of cessation is free of charge. Termination can be done anytime before the expiry of the business registration but cessation can only be filed after the expiry of the business registration. Termination needs the consent of all the partners but the notice of cessation can be submitted by any one partner.
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