The popular type of HK business beings is sole proprietorships, limited liability companies, & limited liability partnerships. As, the firms that an individual can start in Hong Kong incorporate a Hong Kong LLC.
1. Limited Liability Company ( LLC )
Like all the enterprises being quoted above, the Hong Kong LLC is an extensively popular company in Hong Kong, as it offers the safety of private properties from the penalties and the problems of the enterprise.
2. Sole Proprietorship
Such kinds of business are of a small scale and a less failed company, that’s the reason why sole proprietorships are simple to start.
Due to a lack of rightful entity, this kind of business system is not advised to the small entrepreneurs, & also it doesn’t safeguard the private assets of the proprietor from the penalties of the firms.
The firm structure allows two or more partners to share the ownership of a sole Hong Kong Limited firm, allowing them to share the accountability and even boost the potential to raise funds required by the business.
But in this, the members are separately and together responsible for the actions of the other members.