Advantages & Disadvantages Of Setting Up A Private Company Limited By Shares

Advantages & Disadvantages Of Setting Up A Private Company Limited By Shares

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Advanced Diploma in Corporate Administration & Governance

Module: Corporate Compliance

Assignment

An investor may choose several types of business entities in Hong Kong to run the business with proper compliance. As there are different characteristics and structures, a responsible person, director and secretary must have his/her academic or/and professional qualifications or/and relevant experience to discharge the functions of his/her duties.

Mr. & Mrs. Mo would like to incorporate a private company limited by shares to operate a coffee shop. They both jointly own a shop (vacant now) in a market value of HK$25M and a residential property in a market value of HK$15M.  Mr.  Mo intends to use his savings HK$10M for   its capital and its operational costs to run this coffee shop.

As you are a Business Consultant, please advise Mr. & Mrs. Mo :-

  • 3 basic types of business
  • To analysis the advantages & disadvantages of setting up a private company limited by shares.
  • The procedures of the incorporation & post-incorporation works.
  • The duties of Director and the roles of Secretary
  • What kinds of meeting should be held by a company?

 

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