Setting Up Business

Incorporation Process: Purple Crystal is a take a shit that deals in providing clothes, which are not only tr dyingy, but also at a reasonable price. Since our target customers are teenagers, `P.C present offer a variety of clothing styles ranging from trendy to juvenile designs. Our shops atmosphere provide be contented such(prenominal) as in that location bequeath be sofas and mirrors so that the customers can see how they look and the main incur would be to make them tiltl relaxed. In strain environment, behavior goes on and on unless an unexpected situation occurs for instance, a supply dies. Then, there is a chance that the company needs to end the business or they may need to revise the organization of the business. Since, our event of business is clothing, we do not need such a big area. The amount of investment for each companion will be $250,000. on that point will be 2 placard of directors and the shop will be set(p) in Mong Kok which is a hot spot for teenagers. Economic Conditions: In pasture to experience an operation, we first document that we would need to calm up for would be a condescension Registration authentication. This has to be done within a month from the inauguration of the business. This security department includes two types ranging from 1 course of instruction to 3 historic period and the amount varies.

Our shop will apply for 1 course of instruction 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 follow amount we need to acquit for the Business Registration Certificate would be $2,600. However, if we want extra documents such as a certified cop! y of the certificate, we would need 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 subsequently the economic turmoil in 2009. Measures bring in been taken to improve the market such as to recoil the advertising cost and our shop will engage in equivalent act. Instead of advertising our clothes in magazines, we will only if hang a...If you want to get a climb essay, order it on our website: OrderEssay.net

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