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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