As the name suggests, it's a business structure that's operated by an individual. Indeed this business structure doesn’t provide any security level of private assets and limited liabilities to its owner, unlike private Ltd. companies.
However, sometimes, it becomes even more cumbersome for the only proprietorships to expand their business, and lift capital, as several investors restrict themselves to possess a relationship with non-incorporated entities.
As a result, the sole proprietorship in Hong Kong isn't highly recommended by the business people as a sort of business entity to conduct their business.
If you're thinking of sole proprietorship Hong Kong registration, then here are some key features that you simply have to know.
To register the only proprietorship in Hong Kong, all the entrepreneurs required to submit all the subsequent documents.
As a matter of fact, the sole proprietorship is inseparable from its owners; thus the foremost significant particularity of this business structure is that the owner is fully responsible for all the losses/ profits, liabilities, and debts. If you would like to include this business entity, then you would like to follow a registration procedure for that.
Well, the registration procedure involves
The most important part of sole proprietorship Hong Kong registration is to pick an appropriate business name. Below are a number of the facts that you simply need to follow while selecting the business name in Hong Kong.
Once you're through with the choice of the business name, you want to complete the registration of the business with the Inland Revenue Department’s Business Registration Office.
Now that you simply have all the critical information about fixing the only proprietorship in Hong Kong. So, whether you're hunting to include or renew your Sole Proprietorship Company, you would like to possess professionals on your side. We are here for you.
We offer services for forming the only proprietorship company with its numerous benefits and availability in incorporation for any nationality. In fact, our back office system is what sets us aside from others. Our updated back office system won't only help to register your business but also to manage all the business activities.
So, if you would like to line up a replacement sole proprietorship in Hong Kong, then you furthermore may get to pay a complete of $1284 USD for the registration process done by us.
On the contrary, the Renewal price of Sole proprietorship is simply $1010 USD. Therefore make your mind and hire us to form your dream come true!