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.

Sole VS Partnership

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 contract
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
Serevice Fee 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.