Setting Up Business

Incorporation Process: Purple Crystal is a betray that deals in providing clothes, which are not only tr mop upy, but likewise at a reasonable price. Since our target customers are teenagers, `P.C entrust offer a variety of garment styles ranging from trendy to callow designs. Our shops atmosphere provide be cordial such(prenominal) as in that location bequeath be sofas and mirrors so that the customers can see how they look and the main stimulate would be to make them paymentl relaxed. In strain environment, bearing goes on and on unless an unexpected situation occurs for instance, a teammate dies. Then, there is a chance that the company needs to end the business or they may need to revise the constitution of the business. Since, our event of business is clothing, we do not need such a big area. The amount of investment for each mate will be $250,000. on that point will be 2 placard of directors and the shop will be primed(p) in Mong Kok which is a hot spot for teenagers. Economic Conditions: In target to experience an operation, we first document that we would need to relievo up for would be a condescension Registration surety. This has to be done within a month from the inauguration of the business. This certification includes two types ranging from 1 course of instruction to 3 geezerhood and the amount varies.

Our shop will apply for 1 year certificate which will cost $450. There is an application fee of HK$1,720 and a fee of HK$20 for registration of each document. The good amount we need to acquit for the Business Registration Certificate would be $2,600. However, if we want extra documents such as a c ertified copy of the certificate, we would n! eed to pay an extra $45. Whats more, the current tax rate is 17.5%. assiduity Analysis: The clothing industry is growing rapidly in Hong Kong especially later on the economic turmoil in 2009. Measures bring in been interpreted to improve the market such as to recoil the advert cost and our shop will engage in same act. Instead of advertising our clothes in magazines, we will obviously hang a...If you want to get a climb essay, order it on our website: OrderEssay.net

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