Introduction of forming Hong Kong Unlimited
Unlimited company proprietor / partners to be no limit on liability, risk management by the proprietor / partner of full commitment, the company's debt also increased from proprietor / partner in full charge; creditor is entitled to the court for seizure and sale of the East Main / partners under the name of private property. the business should be carefully considered before the start of a limited company or an unlimited company business.
Limited Company VS Unlimited Company
Sole |
Partnership |
|
Number of proprietors | 1 |
2 to 20 |
Legal Status | No independent legal status, only the name of the proprietors of private assets and contract |
No independent legal status, only the name of partnership has a total assets of partners and contrac |
Debt obligations | Unlimited liability for the proprietor, if the end of the insolvent company, the proprietor must take full responsibility |
In addition to the limited partnership a partner, other partners are unlimited; if the end of insolvent companies, partners must take full responsibility |
Tax year end | Without auditing, personal expenses not deductible
(Including the salaries of the proprietors and their spouses) |
Without auditing, personal expenses not deductible
(Including the salaries of the partners and their spouses) |
Other Notes | Required to pay an annual business registration fee.
However, in some cases, business registration fee will be waived |
Required to pay an annual business registration fee.
However, in some cases, business registration fee will be waived |
Fee and time for forming Hong Kong Unlimited:
Business Registration Fee |
Business Registration Fee |
Serevice Fee | HK$ 800 |
Time | 2-3days |
Documents received | Business registration, company chop |
Unlimited companies also need to declare an company registered address, we also offers an unlimited company registered address, hotline and other services.