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Common Risks of Company Incorporation to Another Country Every country offers its business opportunities. High returns come from international expansion. However, it would be best not to forget the company’s challenges and risks to another country. These threats can obstruct the smooth operation of your business. Thus, before going global, be mindful of the international…
The Pros and Cons of Forming a Family-owned Corporation A family-owned corporation is a commercial undertaking wherein family members are actively engaged. Forming a family-owned corporation in Hong Kong offers advantages, not to mention working around your loved ones. Indeed, there are several potential pros and cons in forming a family-owned corporation. But like any…
Top 5 Tips to Succeed in Your Business Expansion in Hong Kong A business owner’s primary goal is for their businesses to grow and expand. After surviving the start-up phases, you’ll typically plan on the next step of increasing your company. You may hear millions of advice, but the plan to expand a business in…
Useful Tips on Ending Business Partnerships the Right Way Businesses can run through growth pains and obstacles, and failed partnerships are one example of such hurdles. Yet, no matter how bad the business partnership has been, you must end things on good terms. In ending business partnerships, you should be professional. In doing so, both…
5 Ways to Manage Accounts Receivable Effectively Before learning the ways to manage accounts receivable effectively, let us understand what it is and why it is important. What Are Accounts Receivable? In accounting terms, account receivable refers to the money that businesses should receive for providing goods and services. They are the major source…
Major Qualifications of a CFO in Hong Kong SMEs Before learning about the qualifications of a CFO in Hong Kong SMEs, let us understand what their role is and how it is changing in the modern business world. What is a CFO? The Chief Financial Officer (CFO) is one of the most important executives…
When to Hire a Virtual CFO: The Ultimate Guide Before we learn when to hire a virtual CFO, let us understand the importance of a CFO in a modern company. The Major Roles of a Virtual CFO Over the last decades, the business world is undergoing rapid transformation and companies are finding it hard…
What is Credit Control? Before understanding the key techniques for implementing credit control, you must clearly understand what credit control means. Credit control is a practice adopted by money lenders like banks and businesses to ensure that borrowers are likely to repay it back in time. This is a process that comes into play after…