Before setup a company, Business Partners will first understand our purpose, business models of our business by meeting us. They also advised us on the operation of the business to reach our aim.
On the proposed company name, they reminded us not to use some wordings/terms to avoid the difficulties on the bank account opening.
Unlike other company service providers, Business Partners is a company caring its clients.
I am a sole proprietor of a small restaurant. In order to expand my business, several friends would like to invest into my restaurant. As I do not understand too much about a ”company”, my friend referred me to Business Partners for advice.
They explained to us details on the difference between a partnership company and a limited company and the role of shareholders, directors and the operation team.
We now understand our rights and liabilities as shareholders and directors which makes a smooth operation in the restaurant.
Thank you for the advice from Business Partners.
We stay in Mainland China, so we do not fully understand the regulations in Hong Kong.
As a company secretary, Business Partners assists us in dealing the legal documents in order to comply with the regulations.
They not only submit the annual return (NAR1), but also handle other documents required under the law without additional charges.
Their professional service makes us focus on the business development without worry.
Like most of the companies, we do not know how importance of a company secretary is.
As we forgot to report to the Department concerned about the change of our address, we did not receive the Profit Tax Return from the Inland Revenue Department and fail to submit the document on time. We were penalized by the Inland Revenue Department.
As a layman, we do not know how to settle the case. After appointment of Business Partners Corporation Limited as our company secretary, they issued letters to and handled all correspondences with Inland Revenue Department for us. At last, we are exempted from the penalty.
Now, Business Partners helps us to submit all the required documents to the relevant Government Departments in case of any changes in our company. So, we no longer worry about “penalty” again.
In accordance with the regulations, we are required to submit the bank statement to Travel Industrial Council to proof our capital meets the requirement for the approval of the license.
However, we were told by several banks that they would not open bank account until the license granted. Without the bank account, there is no supporting document to get the license approved and we cannot commence business. The banks’ policy put us in difficulties.
At last, Business Partners referred us to a bank that can open bank account for us even there was no license at that moment and no need to buy any financial products as condition.
We finally got the license successfully and have been running our business.
As a business starter, we are not familiar to the administration of a company and we prefer to have more sales rather than making paper work.
That’s why, we are not aware to submit the documents on time to Government until we heard that some companies were penalized by Inland Revenue Department and even summons by court for the late reply of the Employee’s Return.
Business Partner would remind us for the tax assessment 3 months before the financial year end date. We only need to send them all invoices, receipts, agreements, then they will prepare the audit report and the Profit Tax Return for us which saves our time a lot.
Both my partner and I only focus on the sales of our business and would not care about the documents for the profit tax assessment as well as other documents required by the Inland Revenue Department.
Business Partners would make the financial report, audit report for us and liaise with the Inland Revenue Department for any enquiries.
Under their professional service, we can focus on the business development without spending time on the other matters.
Business Partners offers comprehensive and wide range of business solutions & support to SMEs in Hong Kong. While proliferating challenges are encountered by the SMEs in the business environment nowadays especially during the start-up period, our professional team fully understands your needs and is ready to provide the company service to you at anytime, anywhere.