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Why set up a limited company in Hong Kong?

The Startup Magazine

Strategic location: Hong Kong, located in the center of Asia, convenient transportation is one of the best goals for business development in the world. In terms of modern infrastructure, Hong Kong is one of the most developed places in the world. World-class infrastructure: Well, we don’t need to emphasize this too much.

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How To Start Your Own Small Business In 7 Easy Steps

YoungUpstarts

A lot of small startups fail in the first year, and it can be very difficult for new businesses to develop their identity and to stand out from other more developed companies. But by doing the correct groundwork and following a developed start-up process, you can increase your chances of creating a successful business.

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The First 5 Steps To Starting Your Own Business

YoungUpstarts

Develop a Top-Notch Business Plan. 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 want to be surrounded by people who are smarter than you, who have been there and done that. Let’s talk money.

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Corporation or LLC? Business Organizations for Tech Startups.

YoungUpstarts

One of the first actions you will take with your startup is to organize your company a separate legal entity to protect yourself from personal liability for the company’s debts. In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”).

LLC 100
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Even Social Entrepreneurs Need Profit to Meet Goals

Startup Professionals Musings

For comparison, I was able to set up a simple for-profit Limited Liability Company (LLC) in a month for less than $100. Thus my recommendation to social entrepreneurs is to treat the development of your business sustainability with the same passion as you apply to your cause. Retaining a qualified team is challenging.

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What is a Social Enterprise?

Up and Running

One social enterprise that embodies this model is InStove, an organization that sustainably makes the world’s most efficient stove, for use primarily in developing nations where fossil fuels and electricity are scarce, and walking long distances to gather wood can be dangerous. Here in the U.S. that social enterprises can take.

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. It protects owners from their debts or liabilities, and each owner has to include a share of the profits/losses in their personal tax returns. Develop a founders agreement.