I Want To Buy A Tavern

August 27th, 2014

I want to buy a Tavern

So you want to buy a tavern? Okay! I will tell you that buying a tavern is just as difficult as operating a restaurant or fast food restaurant, if not more difficult. One important factor you have going for you is that you will be purchasing the goodwill, the customer base, along with the other assets of the business. You will not be starting from scratch looking for a location to build on.

First very important aspect to consider, have a business plan. What are your goals and what are going to achieve. Will you be buying the liquor license from the previous owner or will you be applying for your own. The reason behind the question is that in some villages, counties, suburbs, etc., there are only limited liquor licenses available. If the above governing municipalities are not issuing anymore liquor licenses, you will have to buy the existing license with the business. Liquor licenses in some states are declining. Don’t make the mistake of buying the business without the liquor license because the seller can walk with his license an open another tavern not far from you. If that happens, you will only be able to serve food without booze. In Chicago and its suburbs, purchasing a tavern, you will have to wait approximately three months before a background check is performed on you, in order to be accepted for your liquor license.

Second, setup your business entity. I would recommend an LLC (Limited Liability Company), because of its flexibility, easier to maintain and would protect your personal assets from business liabilities. After you have completed getting your LLC, you will have to apply for your EIN (employers ID #), business license and business bank account.

Third, do not remodel if you do not have to. You will kill your business. Some owners in the food and beverage business, start remodeling as soon as they get their foot in the door. That would be a disaster. I’m saying that because remodeling would kill the ambiance or décor the place had before. If the business was successful when you bought it, why fix something that’s not broken. Your customers, most likely will be locals. If they patronized the business before, they must have liked something about the scenery inside. I’ve seen this happen many times to many taverns and eating places. When I sold my tavern/restaurant, I told the new owner not to change a thing. He took my advice and is doing well. The only thing needed to be fixed, repaired or done new, is plumbing, electric, tile floor in kitchen, walk-in cooler, etc.

Fourth, make sure you are in compliance with your local laws. Once new ownership changes hands, you will be visited by the health department, building and zoning, fire department, state and local sanitation department, etc. If the previous owner was grandfathered from any laws, you will now have to conform to any new laws that were put on the books. For example, if the bar sink had only two basins for wash and rinse, you will have to put in another basin for the sanitation for your bar glasses.

Fifth, if you intend to have a small kitchen, which I had in my tavern, you will need an Ansul system. It’s a fire suppression system above your grill and fryers and under your hood. This is “code” in every kitchen everywhere. This has to be inspected every three months by a fire suppression company and be tagged after they are finished checking and or recharging it. If this is not done, and the fire inspector comes when your next inspection is due, you will be gigged and they will give you 30 days to correct it.

Sixth and last. Cleanliness. I cannot stress this enough. The first impression a customer gets of your place, is when he visits your bathrooms. If they are dirty and are either missing towels, hand dryers and toilet paper, they won’t be back or you will hear it from your patrons. It is not only embarrassing for you, but you will be gigged by your health department when you’re due for a visit.

About the Author

My name is Nick and I was in the foodservice industry for over 30 years. I had 2 successful restaurants and worked as a banquet bartender for a well known banquet/restaurant facility in a Chicago suburb near O’Hare airport. Please visit my blog regularly for I will be posting new content regularly. Your comments are welcome.
http://www.myfoodserviceblog.com

Create Your Own Life and Your Dream Job

August 26th, 2014

Do you find yourself wondering why some successful people make it seem that it has always been easy for them? They have their dream job? Their dream life? But, you have to know that they had struggles. And, if they can get through struggles, so can you.

When anyone first starts a business, some of the main struggles that keep them up at night are these questions:

– How do I get enough clients?

– Are things working?

– I feel like I have the ‘build it and they will come’ scenario. But, when will they come?

Entrepreneurs are given continual opportunities for growth in themselves. There is a lot of occasion for internal growth. Being an entrepreneur is the fastest path to personal growth and development. You are asked to be fully alive, dig deep and be confronted by new opportunities and old thinking and habits.

You have to be willing to do what it takes to make it (with integrity). You have to have a ‘no excuses’ approach.

And, the minute you taste entrepreneurship, you will never want to go back.

Successful entrepreneurs are willing to do what others are not willing to do. There is a willingness to do what it takes. And, keep their integrity.

Are you willing to do certain things in your business that you haven’t done before – step out of that comfort zone? If you are not, you might as well stay employed by someone else. The successful entrepreneurs are willing to do whatever it takes, no matter what, and keep their integrity while they are at it. You will be stepping away from the comfort and become raw within yourself. It requires a lot of putting a ‘pause’ button on your ego, so you can serve others. There is truth to the saying that the more value you add to others, more value you will get. Value can come in opportunities, growth, and money.

The majority of rich and successful entrepreneurs are not people who are greedy. They are adding so much value to so many people’s lives that they are handsomely rewarded for it. They have found the way to become the solution to many people’s problems.

How much money you make is a measuring tool as to how much value you are adding in the world. It is a gage of how much value you are putting out there in the world. So simply add more value to more people’s lives. This is the magic formula. This is your success formula.

Now you need to figure out what is holding you back from being out there in a bigger way.

What is the big ‘why’ behind why you are in business? What value can you add to other people’s lives?

Being an entrepreneur is about who you become. Make a plan to not wake up in the morning feeling mediocre. Being great is uncomfortable. But, you get used to the discomfort and it is short-lived.

Most people retreat from the pain. You can be fearless. Grow into those entrepreneurial opportunities.

From understanding inner growth to growing with relationship marketing and sales. Understanding yourself and finding ways to understand the solutions for your target marketing.

If you need a marketing class, take it from an expert. List building? Learn it from someone who knows what they are doing. Tele-seminars and interviews? Make the attempt.

–Learn how to make your message worth noticing among millions of other websites on the Internet.

–Learn how to tap into your life purpose and package it to attract the people you are meant to serve.

Become the person you want to be, just by your decisions.
Make a big decision. Create your own life by your design! Play Bigger…

About the Author

Donna L. Ward is an author and as a business coach, teaching in a pragmatic and spiritual manner, leading others to find and clear their path. She leads, inspires, motivates, and empowers others to successes.
And, I now invite you to receive your recording of the FREE Training Events with A-Listers click: coachingbusinessentrepreneur.com</- And, I want to hear what you have to say! Come join in as I invite new people to visit with and answer our questions on life, business and marketing. Please be sure to spread the word about this!

YourNetBiz / MyInternetBusiness : Is This REALLY The Business To Be In?

August 25th, 2014

Brief Introduction

If you’ve been in the market for a home based online business, you probably have come across a very popular one by the name of YourNetBiz (the 3rd phase re-launch of MyInternetBusiness). Now this system has taken the internet by storm in recent months with Rob Hannley & Dave Garven taking the online home based business sector to the next level.

So What’s The Big Deal ?

The main focus on the YourNetBiz system is that it’s basically an online “business in a box”. The majority of members dive right into the ‘meat’ of the system which has a phenomenal compensation plan by promoting the business itself. Members earn anywhere from $300 for a bronze sale, to a jaw dropping $2000 per Platinum sale on a two-tier payout scheme. You also get an override commission from all your front line members’ sales. Another point to note is that you collect the payment directly from your sale…no old school system of having to wait to get paid out by the company 14-30 days later. What makes this quite fascinating is that some members are achieving 30-40+ sales a month. Do the math and it’s not too shabby to say the least for a business where you essentially don’t even have to talk to your prospects as you have your own personal assistant to do that for you!

So Is This Another MLM Or Pyramid Program?

In short, most definitely NOT. What isn’t emphasized enough personally speaking is what’s WITHIN this ‘business in a box’. I personally like to call it the ‘University Of Internet Marketing’. Within the media vault in the back office (this is the site you’ll get with everything you’ll need for the business…essentially the ‘box’ of the business), there are over 700 video tutorials covering every aspect of internet marketing. From simple basics of how to set up a Gmail account to advanced PPC strategies, it has it all. You also get handed over 2000 in demand products ready to market or even use yourself at your disposal of which you earn 100% of the sale. All of these products may I add are neatly set up in your own Retail Centre which is basically your own online shop all set for selling to your prospective buyers.

Impressive! So what do I have to do to join ?

Hold on…..there’s more! When you join into the business, you will also have your own personal mentor. This is basically the individual that introduced and sold you the business. You have full access to your mentor, on a daily basis if need be, to show you step by step what to do (and what NOT to do) in order to set up and start earning from YOUR online business. The icing on the cake is that if you join at the Platinum level, you automatically become invited to the private vacation club. This in itself is worth the one time joining fee!

In closing, out of the many online businesses available out there on the internet today this one definitely gets a big thumbs up and pretty much takes the crown. In all my years of marketing on the internet, it’s comforting to know that there IS a business online that actually exceeds the hype that preceded it!

About the Author

To read an in-depth review on one of the top rated online opportunities today and to get some business freebies, go to www.ynbreview.com

Amit Sharma – Amit Sharma’s Bio. Amit is a highly experienced online marketer in the UK and co-founder for ‘The Ultimate College Survival Guide’

Create Iphone Apps

August 23rd, 2014

Create Iphone Apps

If you are searching for legitimate work from home opportunities, you may have heard the recent excitement about learning to create iphone apps. Chances are, this industry is just what you are looking for. This business is simple, lucrative, and legitimate. Plus, it also provides some other perks that you will learn about here. If this industry is promoted in Newsweek and the New York Times, you know it is something worth looking into.

Create Iphone Apps–Is it EASY ?

If a kid can do this, so can you. Children as young as nine years old have learned to create successful iphone apps. In fact, people with very little experience are breaking into this industry. And, it doesn’t take much work. Once you get your app created, it continues to bring money in 24 hours a day, 7 days a week. It never calls in sick or quits. It just keeps working for you minute after minute.

Create Iphone Apps–Is it LUCRATIVE?

Developing Iphone Apps is a highly lucrative industry–there’s no denying that. Some of the top developers have earned as much as $24,000 in only one day. This is virtually with very little overhead or expense–only a little of your time. This industry is growing rapidly, and the owners of iphones are willing to spend money for entertaining applications. And, with the Iphone 4 just being released, you can take advantage of the millions of new users and users who are upgrading to this fantastic new gadget.

Create Iphone Apps–Is it LEGITIMATE?

Newsweek and the New York Times don’t promote MLMs, Pyramid Schemes, or any of the other business opportunities you may run across. Plus, running an iphone app business gives YOU the control, instead of having to be at the mercy of a third party. You know it is legitimate if you are the one you answer to. Being your own boss puts you in the driver’s seat.

Plus, you can discover these great benefits

This business works for you 24 hours a day, 7 days a week. It never calls in sick or quits. This business can be done part time if you want to keep your current job. (Of course, if you really want to go for the big bucks you certainly can). But, this scenario is even sweeter for the current business owner. If you can develop an app for your industry, you will in essence turn your COMPETITORS into your CUSTOMERS!

But how does someone with very little experience or knowledge in this industry cash in on such a fantastic business?

As you can see, it is easy to make money online learning to create iphone apps. Many people are becoming entrepreneurs and enjoying the benefits of this hot industry. If you are interested in finding out how to get started, we recommend this phenomenal guide. Not only does this guide take you through the process step by step, it gives you invaluable bonus information too. This guide is by far the quickest way to get started in this skyrocketing industry.

Would you like to get your hands on this guide?

About the Author

Erica Doug is a writer who enjoys, shares, and reviews the benefits of products that help others. To learn more about creating Iphone Apps, please visit http://www.yourlegitimateworkfromhome.com

Work Opportunities for Freelancers

August 22nd, 2014

When starting out as a freelancer or someone working from home it can be quite difficult to find legitimate work that will pay the bills. Sifting through the false advertising and scams that plague the Internet and while it is like that for a lot of industries it is especially high in the work at home industry. They are trying to take advantage of honest people who want to work (many having lost jobs during these hard economic times) by hoping that in desperation they will fall for one of their scams.

We have all seen the advertisement to work from home doing data entry and make hundreds of dollars per hour. Now if this were true and as simple as they say I would be doing that right now, but it is not these scams are usually filling out surveys for almost no money or instead of pay you may get a coupon for some place you have never heard of. These places just use people to do their advertising work for free, do not fall for it if it sounds too good to be true it probably is. One last clue for recognizing an un-reputable work at home website; if you have to pay to work it is not a job it is a scam run away before they run away with your money.

If you are really interested in finding freelance work there are many websites that offer services for workers and employers. Some of the better websites for freelance worker are Odesk, Elance, ifreelance, and Go Freelance. Most of these sites are free although some do charge for an upgrade in membership, but they have legitimate jobs to bid on and apply to as well as many secure payment options.

While those websites are good many people have a hard time getting hired right away without first building up a reputation. Now there is another type of freelance websites that are out there; these websites buy and sell “gigs” these are usually between $5-$100 and you can post the work you would do for a price in that range. Some of the more popular websites are Fiverr, Gigbucks.com, Zeerk, Tenbux, and Tenyt. These websites are pretty useful as far as helping a freelancer get started and make some money. The only problem with these websites is that some of the people on there offer some shady things, (get 5000 pr7 back links to your website for $5) but if you offer a solid, valuable, and ethical product or service you could build up clientele as well as a good reputation.

Just remember when starting out as a freelancer or work from home that there is no get rich quick scheme, it takes hard work and dedication to successfully be an independent freelancer.

About the Author

If you would like to learn more about
Phentermine and other diet pills or would like to join our weight loss community for help, information, and support visit http://www.Phenforum.com

Everything You Need To Know About Google Cash

August 22nd, 2014

Google Cash or otherwise known as GoogleCash is an e-book written by Chris Carpenter. It is an 87-page PDF e-book that helps readers by guiding them on how to earn money by using Google AdWords and Overture or other pay per click search engines. One can earn money with this by promoting affiliate programs. Google Cash teaches the readers how to choose the right affiliate products or services to promote which will help you earn more money. It also teaches you how to promote products or services without a website. Google Cash also shows you how to make money by promoting affiliate programs using eBay. It is an excellent guide because the author uses 4 simple steps to separate the entire internet marketing process. First, is on how to find the most profitable affiliate programs. Second, is on how to research keywords. Third, is it teaches you how to create ads to promote the programs you’ve chosen. And lastly, Google Cash teaches you how to track your entire campaign. The author also reveals some techniques on how to promote products in non-English speaking countries. Like any other online marketing program, one does not get rich overnight by using Google Cash. It also takes time and effort from the users for this program to work. It is more or less data entry work, it doesn’t require marketing skills or advanced computer skills. One can earn by using AdSense, which are advertisements that appear on any website. It is when a website visitor click on the advertisement link, the website owner gets paid. Another is Search Engine Optimization or SEO for short, which makes your website rank higher than any other website when being searched in a search engine. This helps the website get more traffic, thus giving more opportunity for the Adsense to be clicked. AdWords is also one way to earn money and is probably the best way too. It advertises your website in Google to generate more targeted traffic.

About the Author

Katie D. is an expert writer and unbiased reviewer of methods to make
money online. At current, she is viewing the privately EXPOSED videos
of how to COPY campaigns that generate $94,133 every 30 days on
autopilot: http://copynprofit.com/ (free shocking videos)

Attention: saying thank you, sorry or please are not COOL, in home business opportunities. Check Why

August 21st, 2014

If you don’t know what I’m talking about.. is because you’re not really knowing the meaning of the business of entrepreneurs.

Entrepreneurship means that you’re the founder of your own enterprise that means that you have your own way to make money..

You look for people, this people can join your home business opportunities or cannot make the pole position,
just like in the f1 or nascar.

If they make the pole position, then they’re in.
So know i have only 2 question for you:
¿Do you have to say thank you for bean part of the team?
¿Do you have so say sorry, if you say something that other person don’t like?

The answer for the 2 question is:
NO!!!!!!!!!!

Want to know why?
Because you’re giving this people a opportunitie to join your business, they’re the one that have to say thank you,
not you to them.

As example recently i meet some people in the media,
10 of 12 person tell me thanks for the add,
they don’t realize that they have home business opportunities.

You don’t have to tell people thanks,
they have to tell you: hey thanks,
you’re giving me one home business opportunities
that is awesome and i want to be
part of your team, please let me in.

So from know on, no thank you, no sorry, no please join me..
You’re the one with the home business opportunities, you’re the one to
choose if that or this person is good for your business,
if you decide that person is the
right don’t ever tell that person thanks for join me staff..
If you want to know more about how you can improve
your own mistakes enter in my website and check how to change that mistake. The website is http://www.bestmeetandresfasano.com?t=tk see you inside.

About the Author

My name is Andres Fasano, i’m from Panama, Latin America.
I`m looking for serious entrepreneurs who seek a free and balanced life. Let’s talk.

Ways to Design Your Own T-Shirt

August 21st, 2014

T-shirts are by far the most favorite outfit of males and females. It’s simple yet stylish and trendy and affordable as well. Custom t-shirts are quite common these days and you can design your t-shirt through a number of ways and can personalize your clothing. Here are a few methods to accomplish this task.

Online Websites

There are a number of websites owned by printing companies that allow you to design your own t-shirts. They have hundreds of designs ready and they also allow you to make custom designs too. You can choose the color of shirt as well and can make a design of your choice through a number of tools. The interface is user friendly and there are tutorials as well that show how to use different tools to create a design. The images and texts are added on the t-shirt and final design is saved and sent to the printing company where your shirt is printed.

Computer Software

Online websites are an easy way to design your own t-short but they have limited styles and designs that are not creative enough and you can only choose the tools present in the program. Computer software are a bit advanced and give you a lot of options and bring out your creativity. You can use different graphics to create a totally unique design or art. Photoshop is a great software to design high quality graphics. If you are not good at using this software or cannot figure out how to create the design then go to YouTube and watch the tutorials. When your design is ready then you can e-mail it to the printing company.

Do It Yourself

You can design your t-shirt yourself using very simple tools and can have fun at the same time. There are stickers available in the market and you can put them on your t-shirt by just ironing and pressing them. If you are good with paints and know how to paint on clothes then you can make almost any design and can use as many colors as you want. Painting on cloth can be tricky so make sure you do not ruin your shirt while designing it. If you know a catchy line or a phrase that you think will look good then paint it on your t-shirt.

The Custom T-shirt Company

It is their business and they have hundreds of designs in their catalogues all the time. Some designs may be copyrighted and they may not produce them for you. You can ask them to create a totally unique design for you and can pay for that design to retain all the rights. The company will give you a lot of options to design your own t-shirt and will print the one you choose.
These are a few common ways to design your t-shirt and you can go for the one that suits you best. All of these methods are affordable and will give you something that you will be proud to wear and would like to show everybody.

About the Author

There are a number of websites owned by printing companies that allow you to design your own t-shirts. They have hundreds of designs ready and they also allow you to make custom designs too. You can easily Design Your T-Shirts Online and you can choose the color of shirt as well and can make a design of your choice through a number of tools.

make me money from nothing

August 21st, 2014

A NEW TYPE OF GIFT BASKET GUARANTEED TO BRING IMPRESSIVE PROFITS!

The gift basket industry has exploded over the past few years and
continues to be a consistent money maker for those involved in it. In many
ways, it’s the ideal business. You can run it from the home. It’s an
extremely inexpensive business to start (you only need supplies and a
marketing budget). The product is in demand (who doesn’t like getting
an artistic basket with fresh fruit, candies, or cheeses?). Competition
isn’t much of a problem (you can easily set yourself off from the rest by
producing specialized types of baskets). It’s a dynamic business that is
changing and developing with the times.

One of the newest developments is the CANDY FLOWER BASKET. This is
a new type of gift basket that will definitely set you apart from your
competition. It’s very artistic and creative, and pretty, too! The Candy
Flower Basket is easy to make, and will turn heads wherever it is given.

Here’s what you need for a Candy Flower Basket: You’ll need a
basket, of course, preferably around the size of a medium to large flower
pot (remember, we’ll have “flowers” here). Next, a large piece of flower
arranging or art styrofoam, large enough to fit in the bottom of the basket,
filling it well and reaching up to around 3 inches below the lip of the
basket. Also, plenty of stiff, green wire used in flower arranging; green
flower tape; 2 1/2″ green wood sticks, pointed on one end, blunt on the
other; thin wire; a good supply of different wrapped hard candies,
preferably with colorful wrappers (yellow, orange, red, pink, and other
“flower” colors are best); and, finally, a LOT of bright, colorful
cellophane sheets (green and red, especially). Many of these supplies
can be found at craft stores or flower arranging supply stores.

First, we’ll make our candy flowers. Cut the stiff green wire into
1 foot lengths. Make around 15 for a decent size basket. Now, sort your
candies by wrapper color. You’ll need 5 or 6 candies per wire. Take one
of the candies and hold one twisted end of the wrapper against the end of
the wire. Now, wrap the green floral tape tightly around the wrapper and
wire a few times. Don’t tear the tape; once the candy is firmly attached
to the wire, continue the tape down the wire and wrap another candy around
1 to 1 1/2 inches below the first, depending on how many candies you’ll put
on the wire. Continue this down the wire. When you’ve wrapped 5 or 6 of
the same candies on the top half of the wire, trail your tape off another
inch or two on the wire. You’ve just made your first candy flower! Set that
one aside and start on the next one. Try to have at least 4 different types
of candies, so all the flowers won’t be the same color.

Next, wrap the styrofoam in green cellophane and put it into the
bottom of the basket. Take your colored cellophane sheets and cut around
fifty 6″ x 10″ rectangles. Don’t worry about making them perfectly sized.
Take one of the rectangles and loosely fold it in half the short way (to
make a 6″ x 5″ rectangle) and then in half the long way (to make a 3″ x 5″
rectangle). Don’t crease the folds, and again, don’t worry about being
perfect _ it’ll look better if it’s not. Insert this rectangle into one
of the open spaces closed point down (the point that would be the center
of the rectangle, if it was unfolded.

Do this with 20 to 25 of the rectangles, until the open spaces are filled, though not tightly. Fluff the open corners of the rectangles out. Now, insert your flowers into the
styrofoam. Space them out evenly, and put around four inches of the wire
down into the foam, so it’s secure. Here’s a tip _ slightly curve the wire
and insert it at a slight angle, so the flowers sit realistically. Real
flower bouquets don’t stand straight up. Finally, take one of the remaining
cellophane rectangles, and fold it in the same way as you did with the “fill-
in” rectangles. Now, take one of the short green sticks and a six inch
length of the thin copper wire. Wrap the wire three or four times around
the blunt end of the stick, around 1/8″ from the end. Put around 1/2″ of
the closed corner of the rectangle against the blunt end of the stick, and
wrap the remaining wire tightly around it. Insert this in the styrofoam,
in between the flowers. Do this with the remaining rectangles, cutting
more if necessary to completely hide the styrofoam and fill out the basket.
When done, fluff the open corners out. You now have a Candy Flower Basket!
The best thing about this is the fact that it looks BETTER after the candy
is removed! Put a note in with your basket suggesting that people unwrap
only the unattached end of the wrapper to remove a candy. The candies look
like buds while they’re wrapped; they look like blooming flowers with the
candy removed! Try it with one of your flowers and you’ll see!

Take into account the cost of your supplies and your time when
pricing your Candy Flower Basket. These can be a bit time-consuming, but
you can always make a large stock of flowers and fill-in “greenery” ahead
of time while watching TV. Or, get some friends involved. Baskets like
this can easily be sold for $25 to $40, depending on the size of the basket,
with only a few dollars worth of supplies. Their uniqueness will definitely
be an important selling point. Make a few baskets of different sizes up,
for sales examples.

Candy Flower Baskets can be a great addition to your line, if you
already produce gift baskets, or they can be a fantastic way to start out
in this profitable business. And don’t think it’s just for women; there
are many men who are producing great gift baskets out there. Anyone,
young or old, can produce these baskets and make massive profits…and have
a lot of fun in the process!

more info at http://affiliates4england.blogspot.com

About the Author

more info at http://affiliates4england.blogspot.com

Now is the time to Register a Hong Kong company and ride China’s booming economy 261110

August 20th, 2014

If you have been considering a company formation in Hong Kong, then there are two things to keep in mind. First is the fact that China’s economy is booming, and Hong Kong serves as an important gateway. Second is the fact that the economics of Hong Kong are structured to support business development. As China continues to grow, businesses strategically aligned to take advantage of that growth will grow rapidly.

There are different ways to measure economic freedom. For the US Heritage Foundation studying global economies, economic freedom refers to how business friendly a country’s structure and policies and procedures are. A foreign investor that decides on a company formation in Hong Kong will soon find that the domestic businesses and the foreign businesses are not treated differently. A region or country with economic freedom has structured itself so that polices encourage investment and growth.

Foreign investments in business capital are also encouraged through the banking system policies. These policies are designed to ensure that money flowing in and out of the accounts is composed of only clean business funds. Thats good for business. The Hong Kong government requires a bank to gather enough documentation to be comfortable that the business is legitimate. This protects your business funds in a number of ways including from exposure to corrupt practices. You can open a bank account during your Hong Kong company formation with confidence that your funds will be protected by the full force of law and banking regulations.

To open a Hong Kong bank account, it is necessary to assemble detailed information about the business. You must name your operations and suppliers. You must also submit management names, income and expense reports, balance sheet, proof of business legitimacy and more. It is suggested that you obtain professional help with the preparation of the documentation to expedite the process. Accuracy is imperative and a professional with experience can complete the account application quickly and efficiently. If the application is correctly completed, it will take approximately a month to get the account opened.

For convenience, you can access your Hong Kong bank account on the internet. This is an important feature if you need to be able to access funds from multiple locations. The minimum deposit to open a bank account is only US$2,000. This means a small business with limited cash funds can afford to participate in the banking system during the company formation process. Some of the banks to consider in Hong Kong include HSBC Bank, DBS Bank, Standard Chartered Bank and Citibank. These are not the only banks so you will want to shop around.

Economic freedom and a well developed and controlled banking system are just two reasons why so many businesses choose to form a Hong Kong company. Foreign investors are welcomed through friendly business policies and procedures. As the Gateway to the worlds’ second largest economy, Hong Kong is a thriving region energized by expanding foreign investments. By locating your business in Hong Kong, you establish a foothold in an area that is expected to see phenomenal growth over the next decade.

About the Author

If you want to setup or move your business to Hong Kong, you must know the detailed information on Hong Kong company formation, business registration, taxation, immigration and ongoing compliance matters.

For up-to-date information on Hong Kong company registration
Visit http://www.guidemehongkong.com