article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . A small business is an independently owned and operated entity that engages in commercial activity and fulfills the set industry-specific size standards. What legally defines a small business?

article thumbnail

Why set up a limited company in Hong Kong?

The Startup Magazine

The company director (not necessarily a Hong Kong resident), the secretary of a Hong Kong resident company (the director and secretary cannot be the same person), the minimum issued capital is HK$1. You can contant to get started HK for company director and secretary services that played a crucial role for company registation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. You must abide by your operating agreement.

article thumbnail

How To Start Your Own Small Business In 7 Easy Steps

YoungUpstarts

You should also take into consideration a domain name that goes with your business name and check to see if there is a URL available for you to develop a company website. Nowadays, many businesses solely operate online due to the dramatic transformation that has taken place in how people buy things in recent years. Pick a Location.

article thumbnail

How to Put Personal Money into Your Startup In 6 Steps

The Startup Magazine

It is estimated that at least 80% of all startups rely on personal funds from their founders for operations, albeit in their formative stages. If you have been self-employed, you probably have had episodes where you cannot clearly differentiate between work and personal finances or time. 2. Set up a legal entity for your business.

article thumbnail

How to Separate Your Small Business and Personal Finances

Up and Running

One way to keep things clean and simple from the start is to separate your business finances and personal finances early on. . Why bother splitting your business and personal finances? First and foremost, splitting your business and personal finances will make things far easier come tax season.

Finance 103
article thumbnail

5 Tips For Running A Successful Paid Parking Business

YoungUpstarts

Guarantee your perfect business idea prospers by understanding important steps and considerations for operating a parking structure. Operate a profitable parking business by determining competitive prices. Insurance is essential for securing your parking business’s finances. Identify Your Target Market. . Promote Your Business.