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Harvard Business Law Review (HBLR) – The Harvard Business Law Review (HBLR)

#harvard business journal

#

This Article addresses mutual fund governance, explaining how it has recently become entangled with the norms and rules of corporate governance. At one level, it is understandable that the Securities and Exchange Commission (SEC) and courts have viewed mutual funds as a type of ordinary corporation. Both mutual funds and corporations are separate legal entities, having directors and shareholders. Directors of each are held to fiduciary duties, charged with serving shareholders’ interests, and expected to aspire to best practices. However, there are fundamental differences between mutual funds and ordinary corporations. This Article contends that these differences have important implications for governance, differences that should lead to the disentanglement of mutual fund governance from corporate governance.

We examine firm lifecycles of 3,081 IPOs from 1996–2012. We find that small IPOs have a different lifecycle than other, larger companies. Within five years of an IPO, only 55% of small capitalization companies remain listed on a public exchange, compared to 61% and 67% for middle and large capitalization companies, respectively. We examine various theories explaining the decline of the small IPO. We find only minor evidence that regulatory changes caused the decline of the small IPO. The decline appears instead to be more attributable to the historical unsuitability of small firms for the public market. Absent economic or market reforms that change small firm quality, further regulatory reforms to enhance the small IPO market are thus unlikely to be effective or bring firms into the public market that have the horsepower to remain publicly listed.

In Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congress instructed the Securities and Exchange Commission (SEC) to draft rules that would require public companies to report annually on whether their products contain certain Congolese minerals. This unprecedented legislation and the SEC rulemaking that followed have inspired an impassioned and ongoing debate between those who view these efforts as a costly misstep and those who view them as a measured response to human rights abuses committed by the armed groups that control many mines in the Democratic Republic of the Congo. This Article for the first time brings empirical evidence to bear on this controversy.

In 2008, the Securities and Exchange Commission made waves by deciding to regulate the nascent peer-to-peer lending industry. Only two lending platforms survived the SEC’s entry into a previously lightly-regulated market. Under this regulatory setup, the SEC would regulate the lending-investing process, while other agencies like the Consumer Financial Protection Bureau and Federal Trade Commission would regulate the borrower side of the business. This Article argues that the existing bifurcated system works and is continually getting better as the SEC amends existing exemptions and introduces new regulations to smooth the path for financial innovation.

Since 1977, with the enactment of the Foreign Corrupt Practices Act, the United States Department of Justice has played a leading role in applying the Act’s anti-bribery, books and records, and internal controls provisions in enforcement proceedings against numerous companies and individuals worldwide. In November 2015, the Department of Justice took the unprecedented step of hiring a Compliance Counsel to guide its prosecutors in decision-making in corporate prosecutions and in benchmarking corporate compliance. This Memorandum is composed as an open letter to the Compliance Counsel, focusing on how she and the Department of Justice should go about that critical benchmarking function.

Eric J. Chang’s provocative article, www.PayDayLoans.gov: A Solution for Restoring Price-Competition to Short-Term Credit Loans—which, as its title suggests, proposes to facilitate price competition in the payday lending market by creating a federal online exchange for payday lenders to post lending rates—has sparked thoughtful reactions among consumer borrowing experts. This Response provides constructive criticism to Chang’s proposal, arguing that such an exchange is unlikely to meet its goal of restoring price competition and offering tweaks that would raise the likelihood of doing so.



What It Takes to Be a Small-Business Owner (Infographic) #business #supply


#small business owner

#

What It Takes to Be a Small-Business Owner (Infographic)

Former Staff Writer

Being a small-business owner isn t easy, but an overwhelming majority of entrepreneurs wouldn t have it any other way.

While small-business owners cite having to wear so many hats and finding new customers as their biggest concerns, according to the below infographic courtesy of online marketing company Constant Contact. a whopping 84 percent said that, if given the opportunity, they would start up all over again. The ability to pursue their passion and the freedom that an entrepreneurial lifestyle allows are their biggest motivators, they said.

And that s a good thing, because small business continues to contribute to the global economy in huge ways. Roughly half of all U.S. jobs are provided by companies of less than 500 employees, and 54 percent of U.S. sales happen at small businesses. Additionally, small businesses donate 250 percent more than larger corporations to nonprofits and other charities.

For additional stats, check out the infographic below.



Home based business ideas in India be it part time or full

#home based business ideas

#

Home Based Business Ideas

Home-based businesses have become very popular these days. Thanks to the rising cost of setting up full-time businesses! The added advantage of any

home-based business is that the whole affair can be done from the comfort of one’s home. Working from home also implies that whatever one earns is a bonus. Home-based businesses have nowadays become highly preferred options for urban, educated housewives as well as retirees who are looking for fresh avenues from where they can keep on earning money.

List of Home-Based Business Ideas

Accountancy

Accountancy is one job that any accountant who possesses necessary experience and requisite license and training can do from home. An accountant can start his/her business by making a flier that details the list of the various services rendered by him/her along with the respective quotations. To be on a safer side, an accountant may begin by providing bookkeeping services for smaller business houses with lesser operations and subsequently, when he/she gets to know the tricks of the trade, they can take on elaborate accounting projects..

Generally, the work of an accountant entails:

  • Balance Sheets
  • Financial Reports
  • Income Statements

These can be done monthly, quarterly, half-yearly or yearly. However, the timing is normally determined by the business organization.

Tax Accounting

Apart from primary accounting services, one can also focus on tax accounting, an area of work that has a huge potential to grow in the future. In most cases, business owners like to have their books kept by their own staff but look for professional help when it comes to taxes.

Business Plan Services

Another lucrative option for accountants can be preparing business plans for start-ups. For people with sufficient experience and knowledge of the business world and its workings, business plan services can be a viable career option. This includes services such as doing market research and coming up with financial statements and business plan texts.

List of Part time (home based) Business Ideas

Cleaning Services

Providing cleaning services is one option that people can do on a part-time basis from their homes. People interested in this business need some capital so that they can recruit workers. There are many directions in which this business can be taken. For people who are willing to offer services during the unusual hours, offices are the most viable options. One can look at retail establishments and focus on particular areas such as localities. Restaurants are great places where one can offer cleaning services since they are so often in need of the day-to-day cleaning. They can provide a steady stream of clients.

One can also look at houses especially major apartment blocks. One of the major advantages of this business is that one does not need to spend a lot of money on publicity since most of it happens by word of mouth.

Computer Services

Providing cleaning services is also a viable option in the part-time business segment. However, experience, certification and a certain level of education are needed in order to be successful. It is also important to have a clear idea of the areas where the prospective clients might want you to focus on. Following are some of the examples:

  • Word Processing
  • Spreadsheets
  • Manipulating Photographs
  • Designs
  • Merging Mails
  • Security

Home based Business Ideas for Housewives

Art – Painting, Jewellery Designing and Dress Designing

One major option that housewives, who wish to earn while being at home, can take on is that of an artist. There are so many ladies who have artistic capabilities but are unable to work full-time because of their domestic responsibilities. However, in their spare time, they can draw paintings and then sell them online either by creating their own websites or through other websites that have a guaranteed clientele. They can also go for other forms of art such as dress designing and jewellery designing.

Blogging

Blogging is also one career option that most educated urban housewives have been taking up these days. Apart from being a highly fulfilling endeavour, if properly monetized, it can also yield great dividends. Experienced housewives can also take up the career of bridal consultant, if not wedding management. This is especially for women who love to be part of weddings and have a great eye for detail.

Cooking

In case someone is a good cook and specializes in confectioneries such as cakes, pastries, muffins, brownies, even pickles, etc. then it will be a great idea to take that forward. In businesses such as these, it is important to use social networks and social media contacts properly because that is how one generates publicity for one’s work and capability.

Others

Women with good social skills and high level of education can also become life coaches. Women who have thorough knowledge about yoga can also start their own training classes as per their daily schedules. Educated women who have done specialization in certain subjects; for instance, accounts, mathematics, English or science, may also provide tutorial services either at their home or virtually.

Home based Business Ideas for Retirees

Consultancy

For retired people with the requisite experience, consultancy is a great career option. Retirees can use the experience they have gained all these years to help their clients in the respective domains. This will provide them monetary benefit. Overall credibility and little social marketing may help attract more clients.

People who love animals such as dogs can use their houses, especially if they have large ones, as crèches where owners can keep their pets when they are on the move. However, it is better to get a license and have some experience of having had pets beforehand. This will ensure that one is able to understand the requirements of the pets as well as their owners.

Dog Daycare and Boarding

People who love animals such as dogs can use their houses, especially if they have large ones, as crèches where owners can keep their pets when they are on the move. However, it is better to get a license and have some experience of having had pets beforehand. This will ensure that one is able to understand the requirements of the pets as well as their owners.

Content Services

Content services are also great when it comes to earning some money while sitting at home. There are different options in this domain that one can choose from, such as copyediting, ghost writing, proofreading, copywriting, indexing, book writing, developmental editing, writing articles for magazines, book doctoring and providing content for web pages.

Last Update on June 03, 2015

How To Start Business in India



Why Alternative Financing Options Might Be Best for Your Small Business #cash

#business financing options

#

Why Alternative Financing Options Might Be Best for Your Small Business

The small business financing landscape is continually changing, with more options available to business owners than ever before. About half to two-thirds of these businesses seek financing from a number of places, from owner investments to non-bank sources. As small businesses continue to face challenges when it comes to gaining access to capital and taking advantage of opportunities to grow, it s important that they re seeking the right type of financing for their particular needs. There s been a lot of focus on alternative lending recently, but how do small business owners know when this is the right option to pursue?

One of the most obvious and common answers is that businesses seek financing when they re faced with an unexpected opportunity or challenge that requires quick capital. In my early years as a restaurateur, I built a chain of casual dining restaurants that saw strong growth, solid revenue and profitability. We had all the right elements, but excess cash wasn t one of them. When I was presented with the opportunity to purchase the ideal property for a new location, there was only one issue — I needed $250,000. I was able to get the money quickly from an alternative lender, and I saw the power in this financing option.

In my case and in the experiences of many others, this access to capital provided me the freedom and flexibility to take advantage of a deal that allowed my business to grow. I learned firsthand that when opportunities like these are handled properly, the benefits can be enormous.

Most of the time, small businesses don t have the cash on reserve or an established line of credit that enables them to withdraw the necessary funds for these types of opportunities. Alternative sources of lending help fill that void by giving business owners access, availability and speed. The reality is that traditional banks aren t equipped to do this — and it isn t profitable for them to provide loans of under $200,000.

So what are other situations small businesses often face that may benefit from an alternative source of financing? Check them out:

  • Purchasing discounted inventory, raw material or new equipment at a can t-miss price, such as a restaurant looking to make opportunistic purchases of wine during the holidays or a wholesaler in need of additional warehouse space and forklifts
  • Buying out a partner or to avoid taking on a partner who will own a chunk of the business and profits for life
  • Expanding to new locations
  • Harsh weather that forces a business to close days on end
  • Fluctuations in the economy that impact the bottom line
  • Unexpected occurrences that put pressure on cash flow and require an immediate influx of working capital, such as a refrigerator that stops working in a restaurant or a farmer needing to process the harvest

To determine what type of financing makes sense for your business and situation, you must consider what exactly needs to be funded and the timing. Alternative lending helps provide flexibility of repayment and offers creative options, including small daily payments that fluctuate with sales volume. It s also important for small business owners to understand the rates associated with choosing an alternative lender. This type of financing is more costly than a traditional bank loan because these companies act as liaisons, borrow capital from other financial institutions and guarantee the payment. Essentially, they absorb the risk and the losses when a client defaults. This is also further emphasized when taking into consideration that an application can be underwritten and approved in hours instead of weeks with a bank.

Whether you re a restaurant, retailer or medical practice, examining your situation closely will help determine the best financing option. Gaining access to capital can be the deciding factor in whether or not a small business grows or survives, so choose wisely when it comes to funding.



Harvard Business Law Review (HBLR) – The Harvard Business Law Review (HBLR)

#harvard business journal

#

This Article addresses mutual fund governance, explaining how it has recently become entangled with the norms and rules of corporate governance. At one level, it is understandable that the Securities and Exchange Commission (SEC) and courts have viewed mutual funds as a type of ordinary corporation. Both mutual funds and corporations are separate legal entities, having directors and shareholders. Directors of each are held to fiduciary duties, charged with serving shareholders’ interests, and expected to aspire to best practices. However, there are fundamental differences between mutual funds and ordinary corporations. This Article contends that these differences have important implications for governance, differences that should lead to the disentanglement of mutual fund governance from corporate governance.

We examine firm lifecycles of 3,081 IPOs from 1996–2012. We find that small IPOs have a different lifecycle than other, larger companies. Within five years of an IPO, only 55% of small capitalization companies remain listed on a public exchange, compared to 61% and 67% for middle and large capitalization companies, respectively. We examine various theories explaining the decline of the small IPO. We find only minor evidence that regulatory changes caused the decline of the small IPO. The decline appears instead to be more attributable to the historical unsuitability of small firms for the public market. Absent economic or market reforms that change small firm quality, further regulatory reforms to enhance the small IPO market are thus unlikely to be effective or bring firms into the public market that have the horsepower to remain publicly listed.

In Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congress instructed the Securities and Exchange Commission (SEC) to draft rules that would require public companies to report annually on whether their products contain certain Congolese minerals. This unprecedented legislation and the SEC rulemaking that followed have inspired an impassioned and ongoing debate between those who view these efforts as a costly misstep and those who view them as a measured response to human rights abuses committed by the armed groups that control many mines in the Democratic Republic of the Congo. This Article for the first time brings empirical evidence to bear on this controversy.

In 2008, the Securities and Exchange Commission made waves by deciding to regulate the nascent peer-to-peer lending industry. Only two lending platforms survived the SEC’s entry into a previously lightly-regulated market. Under this regulatory setup, the SEC would regulate the lending-investing process, while other agencies like the Consumer Financial Protection Bureau and Federal Trade Commission would regulate the borrower side of the business. This Article argues that the existing bifurcated system works and is continually getting better as the SEC amends existing exemptions and introduces new regulations to smooth the path for financial innovation.

Since 1977, with the enactment of the Foreign Corrupt Practices Act, the United States Department of Justice has played a leading role in applying the Act’s anti-bribery, books and records, and internal controls provisions in enforcement proceedings against numerous companies and individuals worldwide. In November 2015, the Department of Justice took the unprecedented step of hiring a Compliance Counsel to guide its prosecutors in decision-making in corporate prosecutions and in benchmarking corporate compliance. This Memorandum is composed as an open letter to the Compliance Counsel, focusing on how she and the Department of Justice should go about that critical benchmarking function.

Eric J. Chang’s provocative article, www.PayDayLoans.gov: A Solution for Restoring Price-Competition to Short-Term Credit Loans—which, as its title suggests, proposes to facilitate price competition in the payday lending market by creating a federal online exchange for payday lenders to post lending rates—has sparked thoughtful reactions among consumer borrowing experts. This Response provides constructive criticism to Chang’s proposal, arguing that such an exchange is unlikely to meet its goal of restoring price competition and offering tweaks that would raise the likelihood of doing so.



I want to be a dog walker #small #business #admin


#dog walking business

#

I want to be a dog walker. What will my salary be? Add to.

Job: Professional dog walker

Role: Dog walking is no day at the park. The role of a professional dog walker comes with a lot of responsibility, and requires relationship building with both pets and their owners. That is because dog walkers are often given access to their clients’ homes, and trusted with the care of their beloved animals. Doing so requires keeping a close eye on their pet at all times, which can be difficult when walking more than one dog at a time.

“I treat the dogs like my children,” said Jon Chaisson, the owner of Busters Dog Walking Co. in Toronto and chairman of Professional Dog Walkers Canada, a non-profit organization that provides resources for commercial dog walkers.

“When I go to the park, I’m making sure they’re not pooping [in inappropriate places], and if they are I’m picking it up, making sure they’re not misbehaving, doing inappropriate things. I have to watch out for things they’re not accustomed to, like some may not be friendly around smaller children, so I need to keep them away from smaller children.”

Salary. The salary of a dog walker will depend on how many clients they have, whether they are self-employed or work for a company, and the level of service they are providing. Dog walkers typically charge between $15 and $25 per dog a day for their services, and in an industry heavily dependent on word-of-mouth, salaries typically grow along with reputation.

As such, Mr. Chaisson predicts that starting salaries can be as low as $15,000 a year, as beginners often need to charge less in order to attract their first few clients. As they build their client base and renegotiate their fees, however, that salary can skyrocket with time.

“You can make $100,000 a year, but it’s a lot of work,” he said, adding that many well-established professional dog walkers make around $80,000 per year, but only if they’ve received positive references, built a large client base and are working as many hours as possible each day.

Education. While there are no educational requirements for commercial dog walkers, some municipalities enforce strict licensing standards. In the City of Toronto, for example, dog walkers need to obtain a $250 commercial dog walker permit in order to walk more than three dogs at a time (with a maximum of six), all of which must be on a leash unless in one of the city’s designated leash-free zones. Licensing laws vary between districts in Vancouver, where the price of a permit ranges from $350 in West Vancouver to $830 for a licence obtained in North Vancouver for businesses located outside of that district.

“It’s unique to big cities right now,” Mr. Chaisson said.

Obtaining a permit typically requires dog walkers to have liability insurance – at a cost of about $600 a year – and file taxes as registered businesses.

Dog walkers are also encouraged to get pet first aid and pet training certification, which can provide added credentials and allow them to charge more for their services, though it is not a requirement.

Job prospects: There is no shortage of dog lovers in Canada, many of whom need a little help taking care of their pets. The barrier to entry as a professional dog walker is quite low, but landing those first few clients can be difficult.

“It’s better if you can meet up with other dog walkers, start networking, and then they will refer people to you,” said Dianne Eibner, owner of Jog-a-Dog and founder of the Professional Dog Walkers Association International, which later became Professional Dog Walkers Canada. “That’s probably your best bet if you’re starting out; get to know other dog walkers who would be willing to refer you.”

Ms. Eibner adds that well-established dog walkers often reach their maximum capacity, and are typically willing to refer new clients to other dog walkers they trust.

Challenges: The biggest challenge dog walkers face in the great white north is undoubtedly the cold weather, which can make the job unbearable during the winter months.

“The winters can be hell, but you dress in layers and take the dogs out for shorter walks, because they do freeze as well,” Mr. Chaisson said.

Ms. Eibner, who is also the author of The Face in the Window – A Guide to Professional Dog Walking , adds that those who work as sole proprietors or run their own dog walking businesses also take on a lot of risk.

“It isn’t the most secure occupation,” she said. “If our client gets laid off from their work, we get laid off too.”

Why they do it: While the winter months make the outdoors the least pleasant aspect of the job, Mr. Chaisson says the opposite is true in summer. “You get to hang out in the sunshine all day while everybody else is stuck inside in their stuffy jobs,” he said.

Furthermore, since many professional dog walkers work as sole proprietors or owners of their own business, they often get to set their own hours and pay.

“I’m able to work only three or four hours a day, and get a full day’s pay,” Mr. Chaisson said. “For six hours a day you can be making upwards of $80,000 to $100,000 [a year] if you really want to put work into it.”

Ms. Eibner adds that most dog walkers simply love spending their time caring for and playing with dogs.

“I love my job, I love hanging out with dogs,” she said. “It’s almost not like a job, but I treat it like a job – you have to on the business end of it – but other times I’m rolling around on the ground with them, that’s the part I enjoy.”

Misconceptions: Mr. Chaisson says that many people believe it’s an easy job, failing to comprehend the level of responsibility that comes with the role.

“You have to be fully aware that these are other people’s property,” he said. “It’s like a daycare; you constantly have to watch over the dogs as if they were your own.”

Ms. Eibner adds that some dog walkers have given the rest a bad name, and that people make assumptions based on a few bad apples.

“Unfortunately, there have been such incidents where a dog walker has caused problems for other people and park users,” she said. “It’s not pleasant when we are deemed guilty by association if or when one dog walker is seen not picking up after their dogs.”

Want to read more stories from our Salaries Series? Find more here .

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What It Takes to Be a Small-Business Owner (Infographic) #personalized #business #cards


#small business owner

#

What It Takes to Be a Small-Business Owner (Infographic)

Former Staff Writer

Being a small-business owner isn t easy, but an overwhelming majority of entrepreneurs wouldn t have it any other way.

While small-business owners cite having to wear so many hats and finding new customers as their biggest concerns, according to the below infographic courtesy of online marketing company Constant Contact. a whopping 84 percent said that, if given the opportunity, they would start up all over again. The ability to pursue their passion and the freedom that an entrepreneurial lifestyle allows are their biggest motivators, they said.

And that s a good thing, because small business continues to contribute to the global economy in huge ways. Roughly half of all U.S. jobs are provided by companies of less than 500 employees, and 54 percent of U.S. sales happen at small businesses. Additionally, small businesses donate 250 percent more than larger corporations to nonprofits and other charities.

For additional stats, check out the infographic below.



Business Required to be Registered and Application for Business Registration #internet #businesses


#business registration

#

“Business” Required to be Registered and Application for Business Registration

“Business” Required to be Registered

  • any form of trade, commerce, craftsmanship, profession, calling or other activity carried on for the purpose of gain;
  • any club which provides facilities, services and exclusive club premises to its members for social intercourse or recreation; and
  • every company incorporated in Hong Kong under the Companies Ordinance or non-Hong Kong company that has established a place of business in Hong Kong, regardless of whether it is actually carrying on any business in Hong Kong.
  • every non-Hong Kong company that has a representative or liaison office in Hong Kong, or has let out its property situated in Hong Kong, regardless of whether it has established a place of business in Hong Kong.

However, a person who is only holding an office or employment is not regarded as carrying on any business and is not required to apply for business registration.

  • Business carried on by Sole-proprietorship, Partnership and Unincorporated body of persons, Non-Hong Kong company, and Branch business
    • Within one month from its date of commencement of business.
  • A company incorporated/registered under the Companies Ordinance
    • Please refer to One-stop Company and Business Registration .

Applications for Registration of Business which has not commenced business will not be accepted

Business Registration Ordinance (Cap. 310) provides that any person carrying on sole proprietorship or partnership business shall apply for business registration within one month of the commencement of such business. The Inland Revenue Department (IRD) will not accept any applications for registration of businesses which have never existed or have yet to commence operation.

Recently, IRD has received a large number of new applications for registration of businesses of which non-residents are sole proprietors or partners. However, many of them fail to prove that they did commence their businesses in Hong Kong. Such applications are not accepted.

Given that persons who land in Hong Kong as visitors are normally not allowed to establish or join in any business during their stay in Hong Kong, IRD will require businesses with non-resident sole proprietor or partners to provide further information (see Sample Questions ) with a view to ensuring that the particulars, including the date of commencement, stated in the relevant application form are correct. Please note that any person who submits false information shall be guilty of an offence and liable to a fine of $5,000 and to imprisonment for 1 year under the Business Registration Ordinance.

As a related measure, upon receipt of Notification of Change of Partners (Form IRBR64) for admission of non-resident(s) as partner(s), IRD will ask the business concerned to provide further information (see questions (1) and (2) of Sample Questions) in support of the admission.

  • To register a business, you have to:
    • complete a prescribed application form ;
    • pay the business registration fee levy ; and
    • produce your proof of identity.
  • Levy is collected for the Protection of Wages on Insolvency Fund. For details, please visit the website of Labour Department .
  • Please refer to the following table for the application form to be completed and the proof of identity required:

Business carried on by

Proof of Identity

If the owner/all partners/the principal officer is/are not residing in Hong Kong, he/she has/they have to appoint a resident individual as his/her/their agent for the purposes of business registration. In that case, please complete and submit the form IRBR177 or submit an appointment letter stating the full particulars of the agent including his/her name, Hong Kong identity card number and residential address. A copy of his/her Hong Kong identity card must also be attached to the application.

This application form is applicable to all non-Hong Kong companies irrespective of whether they are required to be registered under Part 16 of the Companies Ordinance, and body corporates formed under other legislations in Hong Kong.

  • For specimen of the application forms, please click here .
  • When you register your business, you may register a business name. You should take one of the following three choices:

(a) register a Chinese name only;

(b) register an English name only; or

(c) register both a Chinese name and an English name.

  • For a Chinese name, you may include English alphabets, but not English words. If you wish to include symbols in either a Chinese name or an English name, only the following symbols can be used:
    1. For Chinese Name
  • Please note that you may not use the following names as your business name:

    (a) a name which suggests that the business is incorporated with limited liability when it is not,

    (b) where the business is incorporated with limited liability, a name which suggests that the business is incorporated under a different name, e.g. a corporation “ABC Ltd.” cannot use a business name “XYZ Ltd.” or

    (c) a name which suggests a connection with the Government or any public body when no such connection exists or has existed.

  • Sometimes, for the same business, you may wish to register more than one business name. This is permissible. However, each registered additional business name will be treated as a branch of the business. The additional business name must also follow the rules mentioned above.
  • If you carry on more than one business, you should register each business separately. Each business may have its own business name.

How to Submit Your Application

  • Submit in person to the Business Registration Office at 4/F Revenue Tower, 5 Gloucester Road, Wan Chai, Hong Kong.
  • By post to P.O. Box 29015, Gloucester Road Post Office, Hong Kong. Underpaid mail will be rejected. Please pay sufficient postage.
  • Submit online via eTAX (for sole-proprietorship, partnership and branch registration only). Please refer to How to Authenticate Electronic Application For Business Registration and the Freqently Asked Questions .
    If you wish to know more about the “Online Application for Business or Branch Registration” service, please click here to view Online Demo.

How to Authenticate Electronic Application for Business Registration

  • With effect from 21 February 2011, apart from digital certificate, an applicant may use his eTAX Password or MyGovHK Password (already linked up with eTAX account) to sign the prescribed application form (Form 1(a), 1(c) or 1(d)) in making an application for business registration. Please refer to Apply for eTAX Password and the Frequently Asked Questions .
  • A person who makes the application for business registration by using his/her password or digital signature will be treated as having signed the application form and is accountable for the accuracy of the information submitted.

How to Obtain Business Registration Application Forms

Specimen of Application Forms

  • You may download a specimen of the following application forms for reference. The specimen forms are saved in pdf format which can be viewed and printed by using the Adobe Acrobat Reader 5.0 or above and Adobe Asian Fonts Packs which are available free at the Adobe Systems Incorporated website .
  • Download copy MUST NOT be used for submission of application. Only forms that are printed by and according to the specifications of the Department are acceptable for application purposes.
  • Application forms are available for collection at the Business Registration Office. You may also complete the form IRBR194 or write to us to obtain the application forms. Please state your name, your correspondence address and the type of application form you required in the letter. and return it either by post or fax (2824 1482). The application forms will be sent to you afterwards.

(1) Form 1(a) (PDF:1,069KB) – Application by an individual for registration of business carried on by him in Hong Kong.
(2) Form 1(b) (PDF:1,268KB) – Application by a body corporate for registration.
(3) Form 1(c) (PDF:1,290KB) – Application by partnership or by other body unincorporate for registration of business carried on by such body in Hong Kong.
(4) Form 1(d) (PDF:890KB) – Application for registration of branch business carried on in Hong Kong.

When to Collect Business Registration Certificate



Be a neighborhood champion – Shop Small® – American Express, Small Business

#small business saturday

#

BRING THE DAY HOME

Looking for ideas on how you can get your community involved in your Small Business Saturday celebration? Download our Event Guides inspired by past Neighborhood Champions.

WELCOME STATION: INSPIRED BY HUTCHINSON AREA
CHAMBER OF COMMERCE & TOURISM, MN

The Hutchinson Area Chamber of Commerce & Tourism gave everyone a game plan for getting the most out of the day with fun treats along the way. Make Shop Small® Welcome Station shoppers’ first stop of the day! How They Did It

Includes:

Poster, Customizable Flyers, Social Posts

NIGHT OUT: INSPIRED BY THE PARTNERS FOR PROGRESS, NY

This downtown association helped make Small Business Saturday night just as big as the day. This year, help your neighborhood continue to celebrate small business into the night. How They Did It

Includes:

Poster, Table Tent, Social Posts

#SHOPSMALL SELFIE: INSPIRED BY CITY OF DOUGLAS MAIN STREET MERCHANT ASSOCIATION, GA

This association organized a Selfie Event that let people show support for small businesses with more than a purchase. Get one going in your neighborhood. How They Did It

Includes:

Signage, Social Posts

SCAVENGER HUNT: INSPIRED BY BELAIR-EDISON NEIGHBORHOODS, INC. MD

This organization encouraged people to visit more local small businesses by creating a Scavenger Hunt on the day. Set the course for one in your neighborhood. How They Did It

Includes:

Blank Map, Signage, Social Posts



Canadian Business May Be Shut Down: Sources #china #business


#canadian business magazine

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Canadian Business May Be Shut Down: Sources

Canadian Business, the country’s oldest publication of its kind, may be on the verge of closing its doors after 87 years.

Rogers Media Inc. which owns Canadian Business, is looking at shuttering the publication, several company sources told The Huffington Post Canada.

Canadian Business is losing subscribers and “there is no money to be had,” Phil Lind, the vice-chairman of the board at Rogers Communications told HuffPost on Monday.

The company’s venture into Texture, the re-named magazine ap p first launched as Next Issue, hasn’t been as profitable as expected, he added, and Rogers’ television stations are also struggling.

Maclean’s Magazine — Rogers’ national current affairs publication — is “not yet” on the chopping block, Lind said.

Rumours of Maclean’s demise have been percolating for over a decade. “It could be a year away, or it could be five years away,” another source said.

Last month, Rogers announced it was slashing approximately 200 jobs. or four per cent of its workforce. Pink slips in conventional television, radio, publishing and back-office positions are already going out the door, and more are expected to follow.

In a memo to staff. Rogers cited a “softening advertising market, fierce competition from global players, and shifting audience consumption habits” among its reasons for reducing headcount.

“This was not an easy decision, but it was right for our business long-term,” the memo read. “While difficult, these changes are essential to delivering on our Rogers 3.0 plan and to position us for continued success and future growth while helping us effectively manage costs.”

It’s unclear whether the company will seek a new buyer for Canadian Business or will “run the publication into the ground,” as another executive put it.

“We do not comment on rumours or speculation.”

Canadian Business editor-in-chief James Cowan expressed surprise when first contacted two weeks ago about his magazine’s future. Cowan said he had not heard any talk about “shuttering” the publication.

In an unsolicited email, Rogers Media’s senior director of communications Andrea Goldstein wrote: “We do not comment on rumours or speculation.”

On Tuesday, Goldstein said “there are no plans at this time” to close any of Rogers’ 57 publications.

Canadian Business is a multiple award-winning magazine. With a posted circulation of 85,027, Rogers says the outlet has approximately 335,000 unique visitors monthly — a count that refers to the number of times a device, app, smartphone or desktop, visits the publication online.

Founded in Montreal in 1928 as the official newsletter of the Canadian Chamber of Commerce, Canadian Business became available to the general public two years later. Two ownership changes later, Rogers took over the publication when it made a hostile takeover bid for Maclean Hunter in 1994. At the time, writer George Garneau noted that analysts predicted the company’s newspaper and magazine holdings were likely candidates for sale “because of their poor financial performance.”

The cuts at Rogers were just the latest in a wave of bad news on the Canadian media front. Several publications closed or announced staff layoffs in recent weeks.

The Guelph Mercury ended its 149-year-old print edition, laying off 23 full-time and three part-time employees on Jan. 29. That same day, the 141-year-old Nanaimo Daily News also closed its doors.

On Jan. 19, Canada’s largest newspaper chain Postmedia announced it was eliminating 90 newsroom positions across the country.


Postmedia CEO Paul Godfrey recently announced layoffs across Canada. (Andrew Francis Wallace/Toronto Star via Getty Images)

A memo from Postmedia CEO Paul Godfrey said the company was consolidating newsrooms between its broadsheet newspapers and Sun Media tabloids in Ottawa, Edmonton, Calgary and Vancouver, and merging sports coverage to help find at least $80 million in savings before the end of fiscal 2017.

Reporters would be writing in an “agnostic” voice, Godfrey said and a new “rewrite” desk will be charged with editing stories to have the “right voice” for specific brands and platforms.

“We will continue to operate our broadsheet newspapers and our tabloid newspapers in their current formats and with the features and focus that our readers have come to expect from their favourite news brands,” read the memo.

Last year, Bell Media cut hundreds of its local news employees mostly in Toronto and Montreal despite announcing it had made a slight profit in a recent quarter.

— With files from Zi-Ann Lum