The end of the financial year is the date on which the company’s accounts are closed in order to draw up the annual balance sheet. In Hong Kong it is possible to choose the financial year-end date. Generally, companies choose either 12/31 or 03/31. How to choose this date? Try to align the date...
The LLC is the most common type of company in Hong Kong. This status protects personal assets from debts that may be generated by the company, there is the creation of a new legal entity. Sole proprietorship is more suited to small-scale, low-risk businesses run by a single owner. There is no creation of a...
There are 4 types of business entities in Hong Kong. The Limited Liability Company, which is the most common type of company in Hong Kong. It offers protection of personal assets from the risks incurred by the company and its debts. It is a legal entity in its own right. The Sole Proprietorship, which corresponds...
There are certain restrictions on the registration of company names. As a general rule, a company name will not be registered if : – it is identical to a name appearing in the Index of Company Names maintained by the Registrar of Company; – it is identical to a name of a legal person incorporated...
The first step is to choose the type of company and its name. It may be a company limited by shares, where the liability of the partners is limited by the articles to the amount outstanding on the shares respectively held by them, or a company limited by guarantee, where there is no share capital...
