Are you planning to commence a business or want to expand the existing one? You have to take an important decision here, regarding the selection of the form of business organisation. The most suitable form of business organisation can be chosen by weighing the merits and demerits of each form against your needs. Sole proprietorship, [...]
Joint Venture is a form of business organization which is temporary in nature. It is established for a specific purpose or to accomplish a certain task or activity and when this purpose is completed the joint venture comes to an end. Joint venture is not exactly same as partnership, which is also a type of [...]
The company form of business organization enjoys a number of benefits over the partnership. This is due to the fact that, in a partnership firm, there must be at least two persons, mutually agree to run the business and share the profits or losses in a manner prescribed in the agreement. The maximum number of [...]
The basic question that arises before the entrepreneurs when starting a new business venture is, which business type to choose? The business structure is not just a status, rather all the legal formalities, before and after the business is set up, depends on the type itself. So, along with discovering an innovative idea for launching [...]
A private company is a closely held one and requires at least two or more persons, for its formation. On the other hand, a public company is owned and traded publicly. It requires 7 or more persons for its set up. There are vast differences between Pvt Ltd. and Public Ltd Company. In the business [...]
As of Nov 1st 2016 China has bought in a points system for China work visa requirements. How does this affect foreigners working in China, or planning on doing so? Keep reading as we explain... Which Grade Of Foreigner Are YOU? Starting November 1st 2016, foreigners applying for a China work visa will be [...]
Source: South China Morning Post With Singapore hosting the Maritime Week recently, many observers and commentators have been waxing lyrical about the island-state’s status as the maritime capital of the world. When doing so, they refer to the size of the shipping industry. Headlines have referenced the Menon report this year, which places Singapore at [...]
Invest Hong Kong (InvestHK) and the Korea Trade-Investment Promotion Agency (KOTRA) today (April 19) signed a Memorandum of Understanding (MOU) at a joint business seminar in Seoul. The MOU was signed by the Associate Director-General of Investment Promotion, Mr Francis Ho, and the Executive Vice President for SME Support of KOTRA, Mr Sun Seog-ki, at [...]
An assessee can reduce his/her tax liability, by legitimate means, in two ways – tax planning and tax avoidance. The former is described as the arrangement of financial activities in a way that the assessee can avail maximum tax benefit. On the other hand, the latter is a technique of refraining from tax liability, through [...]
An audit performed in an organisation is broadly classified into two categories, as Internal Audit and External Audi. Internal Audit is not compulsory by nature but can be conducted to review the operational activities of the organisation. Let’s look the other term External Audit which is obligatory for every separate legal entity, where a third party is brought [...]