Overview of managing a sole proprietorship or partnership
Get everything you need to know about managing your business in a single place, such as key requirements and Bizfile eService fees.
Last updated 29 January 2026
After registration
Use our post-registration guide to check:
Immediate next steps required, such as applying for Corppass, licenses and permits
What you need to do before you start operations
Ongoing requirements
You must follow certain rules to keep your business active and lawful.
Key requirements
Requirement | What you need to do |
|---|---|
Top up your CPF Medisave accounts | If you are self-employed and earn over $6,000 a year, you need to either:
Consequences: If you or your owners have outstanding payments, your business registration may be cancelled early. You will not be able to renew your business registration too. Log in to CPF's self-employment dashboard to:
More details: Saving under the Self-Employed Scheme |
You must renew your registration every one or three years to keep your business active. Tip: Set reminders to renew your registration. You can renew it up to 60 days before it expires. | |
Keep your business information updated | Update your business information within 14 days of any change. Penalty: Late lodgement penalties |
Use your registered business name | You must use your registered business name. It is not allowed to operate under another name unless it is registered. |
Tip: Learn more about common offences for sole proprietorships and partnerships.
Converting or closing your business
Find out how to:
Related pages
Service and transaction fees
Check the fees for key Bizfile transactions for sole proprietorships and partnerships in Singapore.
Buying business information
Learn about ACRA information products, such as Business Profiles and certificates. Find out how to download and verify your documents.
Guides and forms
Access step-by-step guides, forms and templates to comply with ACRA's requirements and file through Bizfile eServices.
Checking alerts and notifications from ACRA
Find out when ACRA sends alerts to your email and Bizfile inbox. Watch our video to learn how to use the inbox and to-do list features.