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How to choose the right legal structure for a company?

Interesting

Interesting

New Member
Verified Member
The following legal structures exist for companies:

Limited liability company (LLC)
Joint-stock company (JSC)
Limited partnership (LP)
Limited liability partnership (LLP)
Foundation
General partnership (GP)
Branch office
Representative office
Trust

Which do you think is the best of the above?

http://www.confiduss.com/en/services/incorporation/structure/
 
K

Karen Chen

New Member
Verified Member
Not only the right legal structure. One should also consider where to set up their company. For example, import/export trading company, digital nomad, consultant, etc. they might want to consider setting up in Hong Kong which offers tremendous cost and operational efficiency. No physical office or hiring of local staff is needed if preferred.
 
Interesting

Interesting

New Member
Verified Member
Hi Karen. I agree with you, the location is also important to consider. Hong Kong attracts with its low taxes.
 
Business Upside

Business Upside

Member
Verified Member
If you feel like having the solitary or principal device of the business and its activities, a sole proprietorship or LLC strength is the finest choice for you. You can negotiate such control in a partnership agreement as well. A corporation is constructed to have a board of directors that makes the foremost decisions that guide the company.
 
M

Michael72

Member
Verified Member
CRM in my opinion is the cornerstone of business and customer relationship management. This system can really streamline your business, and improve your sales performance. I use CRM system from FIRMAO in my company. The system meets all my needs and I think it is one of the best on the market.
 
jessicaherron9

jessicaherron9

Member
Verified Member
Here are the some other legal structure for a company

1. Partnerships carry a dual status as a sole proprietorship or limited liability partnership, depending on the entity's funding and liability structure.

2. Under an LLC, members are protected from personal liability for the debts of the business if it cannot be proven that they acted in an illegal, unethical or irresponsible manner in carrying out the activities of the business.

3. Corporations can sell shares of stock to secure additional funding for growth, while sole proprietors can only obtain funds through their personal accounts, using their personal credit or taking on partners.

4. This article is for business owners looking to learn more about the different small business legal structures.
 
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