How to choose the right legal structure for a company?

[Interesting]

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/

 

[Karen Chen]

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]

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

 

[Business Upside]

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.