Hello,
I'm from the ICT/IT industry with two small companies (Company-A & Company-B).
Company-A is wholly into SERVICES and Company-B is wholly into NEW PLATFORM DEVELOPMENT. Each have their own website, email, registered address and are mostly distinct from each other.
I'm currently SHAREHOLDER + DIRECTOR + EMPLOYEE in Company-A and SHAREHOLDER + DIRECTOR in Company-B. Company-B have no EMPLOYEES at this moment.
Company-A is designed to perform SERVICES to external parties but not to Company-B. Company-B is designed to perform NEW PLATFORM DEVELOPMENT to external parties including Company-A.
Clarification:
I plan to declare myself as Employee in Company-B (with CPF etc) on a part-time basis. Is it ok to have SHAREHOLDING + DIRECTORSHIP + EMPLOYMENT status in 2 companies and transact with each other (as explained above) with care being taken to ensure they are distinctly separate.
In addition to above (distinct website, email, registration address do I need any other distinction to be maintained?
If this structure does not auger well in the long term (because of Related Party Transaction Issues), then I will employ another individual to Company-B to break the shell?
Thanks for your feedback well in advance.
Rgds
vijsrinp
