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Why set up a limited company in Hong Kong?

The Startup Magazine

The employees in Hong Kong generally refer to themselves as hardworking, competitive and continuous pursuit of success. Although English is the most widely spoken language in the business world, you will be pleased to find that due to China’s connection with China, most employees can communicate in Mandarin and Cantonese.

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Generally, the size is based on the number of employees and annual receipts for a given period. Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500. According to the U.S.

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Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

There will be plenty of it early and often during your entrepreneurial journey, but rather than look at it as a headache you should consider the many ways in which it will help protect you, your family, and the company as a whole. Personal asset liability protection is not ironclad. Be able to prove due diligence whenever you can.

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Vlad Rigenco’s Tips for Launching a Successful Startup

The Startup Magazine

You need to decide what kind of employees you will need and how much you will pay them. Your options for financing a startup company include crowdfunding, small business loans and grants, angel investors, and traditional bank financing. According to Founder and CEO of Dood Inc.,

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 7 Steps To Starting A Construction Company

YoungUpstarts

You can choose to register as a Limited Liability Company (LLC) or a Corporation. Step 3: Consider your financing options. You will also need to hire a business premises, pay employee salaries, and fund advertising campaigns. You could also use your personal savings to finance your construction company.

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Wind Farm Business: Startup Considerations

The Startup Magazine

From a legal standpoint, you will also have to opt for either a general partnership, limited liability company or a sole proprietorship for your business. Securing the location and finances. Moreover, you can’t run a business without having a basic type of insurance policy required by the industry.

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5 Advantages of Being Self-Employed

Transformify

Yes, being self-employed gives you the potential to earn money as you would as an employee. Keep on reading and learn more about the important things you need to know if you are planning to change your venture from being an employee to becoming self-employed. A solopreneur is usually the only employee of their business.