Incorporation

 A company is a business entity duly registered under the Companies Act, Chapter 50. Possessing legal personality, it holds the rights to own properties, maintains perpetual succession, and is empowered to utilize resources. 

 A sole proprietorship is a business owned by a single individual or a singular company, free from additional partners. The sole proprietor maintains complete authority over the business's operations. 

 A Limited Liability Partnership (LLP) is a legal business structure offering partners limited personal liability for business debts. Partnerships in an LLP are shielded from personal responsibility for the actions of other partners, providing separation between personal and business liabilities. This structure is commonly chosen by professionals for its flexibility, tax advantages, and liability protection.

 Foreign entities seeking to establish a foothold in Singapore can opt for the registration of a Branch Office, Subsidiary Company, or Representative Office. These distinct options offer flexibility in structuring a presence that aligns with the business objectives and operational requirements of the foreign company in Singapore.