Established Limited Company
Limited means limited liability, if the operation is unable to repay due to debts, under normal circumstances, the company’s debts will not affect the personal property of the shareholders (unless the shareholders have signed certain security documents), the shareholders’ liability to the company is limited by the registered share capital, and the limited company has the status of a “separate legal person” in law. Generally speaking, opening a limited company is a suitable option if the business is (1) involved in a high-risk industry, (2) the company founder intends to grow the business, or (2) there is an opportunity to bring in new investors in the future.
Incorporation of Unlimited Company Company
The incorporation process of an unlimited company is simple, you only need to complete the business registration form, together with a copy of the identity card of the proprietor/partner, and pay the business registration certificate fee.
Note that an unlimited company means that an individual is liable for unlimited liability and is unable to repay debts due to inability to repay debts. Personal property may also be implicated. If you are engaged in a risk-free business, an unlimited company is the right solution.
