CentreO Blog

Limited Company is the most popular form of business organization in Hong Kong. So a common interest in the nature and legal aspects of limited companies is quite natural.

What types of limited companies are there?

There are three different types of business organization in Hong Kong, they are:

Sole proprietorship

Partnership

Company 

Sole Proprietorship

As implied by its name, this is a business owned by one person. In simple terms – it’s all on you: resources, profits, risks, etc. There are no specific registration requirements for this type of business. There is no need to registry with Companies Registry. What you need is to obtain a business registration certificate, by completing Form 1(a) within one month of commencement of business.

Partnership

This is a business owned by at least 2 (but no more than 20) partners. The partners share resources and profits and equally liable for the debts of the company.

Note: in case of unlimited company at least one partner should bare unlimited liability.

There are no restrictions on partnership’s business unless it is illegal. A business registration certificate by submitting Form 1(c) must also be obtained within one month of commencement of business.

If a limited company consists of more than 20 people, it must be registered with the Companies Registry.

Company

The law governing the legal requirement of a limited company in Hong Kong is the Companies Ordinance (Cap 32). This is a company formed and registered under the Companies Ordinance with Companies Registry (Section 2).

So what is a registered company?

It is a separate legal entity distinct from its members. This point needs to be emphasized, as the company has perpetual succession, unaffected by the change of its membership, or the death, bankruptcy or mental disorder of any member. The company’s debts are not enforceable against its members. It will continue in existence unless it is dissolved by court or by liquidation.

 

 

A few blogs before we talked about how to sleep better during flights.  This time we would like to share a great website that can help you plan your trip (and even your sleep) in extensive detail.

Behold www.seatguru.com.

On the website you can:

–       see seat maps

–        find out about flight shipping and information,

–       get seating advice,

–       read user comments and see photos.

You have a chance to find out seat length and width, leg room, amenities and basically everything there is to know about your flight from within.

Reviews are especially helpful, as you can read about people’s first-hand flying experiences and the extent of detail you get from their comments is amazing.

Reading about my upcoming flight to Thailand on Emirates A380, I learnt which seats are best to book and which are right above the crew’s office and as a result are too noisy.

I found out what menu options I should pre-order as a vegetarian, what amount of legroom I should expect and even how to win the armrest battle.

 

The time of flying is coming. No, not the magical Quidditch flying (we wish!), but the flying we are all accustomed to.

Whether this summer takes you traveling for business or pleasure, we all want to arrive at our destination well-rested and prepared.

Unfortunately, relaxing and taking a nap on the plane does not come easy to all of us. So what can we do fall asleep in the air?

 Recreate your sleeping habits. Do you sleep on the right side of the bed or left? On you stomach? Side? Back? Choose the seat that will allow you to come as close as possible to your regular sleeping conditions.

Wear something comfortable. If you have an important meeting on arrival, just change into formal wear after you land. Choose soft fabrics and

  Grab an extra pillow (can be one of those U-shaped ones) and use the airport pillow to roll under your knees. You can also use your carry-on as leg rest to help with the limited leg-room problem.

You can not control the scent on the airplane. Food, beverages, a mix of perfumes and that distinct “plane smell. Yes, you can’t control that. But, you can add a drop of lavender oil (or whatever else calms you down) on your pillow or under your nose. That can help you fall asleep faster and will create a nicer ambiance.

Sleep masks are a good way to fall asleep faster and also get a sense of more privacy. But if you are not into them, try putting on a simple cap. This will put shade over your eyes and let you relax away from all the comings and goings on the plane.

Surely, there are a lot of modern appliances, comfort solutions and even medication to help you sleep better. But the best and perhaps, most advanced trick of all – is to control your mind.

Call it meditation or call it something else, but some people have mastered the art of completely tuning out the outside world sleeping peacefully through the whole journey.