10 Keys to a Successful Business Plan (Infographic)

Last week we mentioned the importance of planning in business. We start off this week with a simple infographic on the key elements of a business plan. And we remind you that TODAY (March 31st) from 7 PM to 10 PM you can attend a workshop on CREATING A BUSINESS PLAN ON THREE HOURS. The …

WHAT IT TAKES TO WORK AT A STARTUP

A few blogs before we talked about why interning at a startup is a good idea. Today, we’d like to dwell more on what it actually TAKES to work for one. Here are five key qualities for success at a startup (as featured in Entrepreneur.com) 1.   Passion for the product Building a vision into reality …

Learn How To Draft A Business Plan in Three Hours!

This Monday, March 31st (7 PM to 10 PM) brings us an amazing opportunity – a one of a kind business course for “quickly and economically drafting your idea and aligning your team” – or simply, creating a working business plan. In only three hours. No matter what goals we are pursuing, we are constantly …

Tax Filing And Annual Reporting for A WFOE

A WFOE is required to update its books on a regular basis. You will need to: –       File a tax return (monthly) –       File individual tax return report (monthly) –       File Corporate Income Tax Report (quarterly) –       File Annual Corporate Income Tax Report (annually, after the accounting year end) More on annual reporting A WFOE is …

Requirements for Registered Capital for a WFOE in China

The minimum requirement for registered capital is RMB 30, 000 (USD 4, 950). Under the company’s laws the paid-up capital is equal to the registered capital. Investors and shareholders must contribute the full amount of registered capital and deposit the money into a specified bank account in the name of the WFOE. In case of …

WFOE People: Shareholders, Directors, Representatives and Supervisors

SHAREHOLDERS  WFOE requires one shareholder/member, whose details are registered in the local Administration for Industry and Commerce. The director can be of any nationality, except Chinese, and meetings can take place anywhere. DIRECTOR/BOARD OF DIRECTORS A minimum of one director is required, whose details must be registered in the local Administration of Industry and Commerce. …

Why Every College Student Should Intern At A Startup

You are a young ambitions college graduate, ready to take on the working world. You are looking for a summer internship to get experience and are being luckily presented with two options: Google or a small startup in somebody’s  garage. What do you choose? It seems like a no-brainer. Yet, according to a recent article …

Company Incorporation in China. What is A WFOE?

WFOE is a Wholly Foreign Owned Enterprise, which is a limited liability company fully owned by foreign investors. In China WFOEs were originally conceived for encouraging manufacturing activities that were export oriented or introducing advanced technology. However, with China’s entry into the WTO, these conditioned were extended, and now a WFOE is increasingly being used …