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Why set up a limited company in Hong Kong?

The Startup Magazine

The Hong Kong Special Administrative Region has been at the top of the list for more than 20 years because it ensures freedom of trade and monetary policy, while respecting the integrity and transparency of the government. A Hong Kong business can open bank accounts anywhere without any restrictions by the Hong Kong government.

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

The size standards are different for each industry and are defined by the government body established to oversee such matters. Generally, the size is based on the number of employees and annual receipts for a given period. What you need depends on your location, business activities, industry, and government rules.

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Does A Business Bankruptcy Hurt My Personal Credit?

YoungUpstarts

Limited Partner. This category is going to cover limited liability companies and corporations, as well as limited partnerships. Business owners sometimes withhold this when it comes to paying their employees, or they collect it from other people. You know what happens then.

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Wind Farm Business: Startup Considerations

The Startup Magazine

The power generated from renewable sources isn’t harmful to our environment and governments around the world, from the US to Australia have recognised the importance of going green so there are many incentives offered for green energy startups. Image by PublicDomainImages from Pixabay. Competition considerations.

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An In-Depth Look At Business Credit

YoungUpstarts

This is also the way the government will identify your business. The first two companies also provide business credits. Apply for an Employer Identification Number: This unique number allows the government to identify your business as a separate entity. You’ll also safeguard your assets should the business tumble.

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Three Legalities of Starting a Small Business

Women Entrepreneurs Can

There are several different types of business entities, including sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. Once you have selected your business entity, you will need to obtain the necessary licenses and permits from the government.

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How to Start a Business: A Step-by-Step Complete Guide (2019)

crowdSPRING Blog

You should know that about two-thirds of businesses with employees survive 2 years and about half survive only five years. Your business location, facilities, equipment, and what kind of employees you’ll need are in this section. If you’re a sole owner and don’t have employees, this is not required.