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Why set up a limited company in Hong Kong?

The Startup Magazine

Hong Kong Industrial Park has very few restrictions: clothing, jewelry, furniture, electronics, medicine, finance, shipping, import and export, real estate, construction, decoration, information networks, tourism, culture, society, schools, publications and other high-tech industries, You can become our Hong Kong limited liability company, and you (..)

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How to Put Personal Money into Your Startup In 6 Steps

The Startup Magazine

If you have been self-employed, you probably have had episodes where you cannot clearly differentiate between work and personal finances or time. In matters finance, it could leave you or your business in a financial mess. This is, of course, the easiest and most affordable method of trade financing. 1. Savings.

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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). Sort Out Your Finances.

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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. Open a business bank account.

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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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Keep It Clean: Mixing Business And Personal Finance

YoungUpstarts

However, as the business thrives and grows, drawing a line between personal and business finances is vital to stay on the right side of the law and to make sure that the IRS gets its share of those profits. Consider a Limited Liability Company (LTD). Get separate bank accounts. Classify expenses properly.

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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.