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Why set up a limited company in Hong Kong?

The Startup Magazine

Company directors and shareholders: The requirements for company directors and shareholders are also simple and clear.

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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.

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4 Types Of Tax Structures For Your Business

The Startup Magazine

The Limited Liability Company (LLC) is a common business structure, but it exists according to state statute. However, if that individual is the only member of a domestic limited liability company (LLC), that individual is not a sole proprietor if they choose to treat their LLC as a corporation.

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How Much Does it Cost to Form an LLC? A Guide For Startups

The Startup Magazine

If you are looking to set up a limited liability company using the least expensive method, you can take this route. Let us first have a look at the various options that you have to set up an LLC: DIY (Do It Yourself). Seek Professional Advice. Receive Guidance Through Free Online Courses. Online Incorporation Website.

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How to Put Personal Money into Your Startup In 6 Steps

The Startup Magazine

A limited liability company status, for instance, will protect you from your business’s legal hurdles and their costs too. Track every dollar that the venture owes you and get to know from the very onset, just how much ownership of the firm you are entitled to. 2. Set up a legal entity for your business.

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The First 5 Steps To Starting Your Own Business

YoungUpstarts

Incfile helps you easily compare and contrast the different business entity types , such as a limited liability company vs. an S Corporation vs. a nonprofit. You have your business plan all mapped out — now it’s time to decide which entity structure is the right fit for your business based on all those details.

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How To Start Your Own Small Business In 7 Easy Steps

YoungUpstarts

You can either create a small business that is a corporation, a limited liability company (LLC), or a sole proprietorship. The business structure you decide on will determine how you file your taxes, your liability, as well as your overall business name (and how you will file for it).