Business dunce needing advise about getting started

Posted by Woody (172 days ago)

To all you business guru's I really need some advice about where to start.....

The background is we've made some money (about 5M) and it's sitting in the bank doing about nothing.

Because my husband isn't working we decided we would buy a range of rundown units in town and he can do them up for either resale or lease....

But I'm thinking it would be better to do it as a company and sort of grow the company but I don't have any business training.

So to get to the questions....-
1. Do you think it's a good idea to set up a company?

2. How do I start to set up a company?

3. How long does it take to set up a company, because we have some units in mind now.

4. Have you got any thoughts that maybe I haven't considered?

Cheers and thank you for any time you spend answering this.

(I am based in Hong Kong)

Posted by eaurhb (171 days ago)

I think it is a pretty good idea to do that but there is not enough information for me to answer your questions. A company can be set up in a way of limited liabilities or unlimited. There are pros and cons in both depends on your preference. It is easy to set up a company as long as the name has not been taken up in limited companies cases. Suggest you find an accountant friend to further discuss.

(I am based in Hong Kong)