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Articles Of Incorporation For Sole Proprietorship

Articles Of Incorporation For Sole Proprietorship Template for Hong Kong

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Articles Of Incorporation For Sole Proprietorship

I need Articles of Incorporation for a Sole Proprietorship for my fashion retail business in Hong Kong, launching March 2025, with provisions for multiple physical store locations and potential franchise expansion in the future.

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Document background
Articles of Incorporation for Sole Proprietorship is a foundational document required when establishing a sole proprietorship business in Hong Kong. This document is typically prepared when an individual decides to formally establish their business as a registered entity, separate from their personal affairs, while maintaining full ownership and control. It must comply with Hong Kong's Business Registration Ordinance and related regulations, serving as evidence of the business's legal existence and structure. The document includes crucial information about ownership, business purpose, operational procedures, and compliance requirements, making it essential for business registration, opening bank accounts, and engaging with stakeholders. While simpler than incorporation documents for companies or partnerships, it remains a vital legal instrument that defines the business's identity and operational framework.
Suggested Sections

1. Article 1: Business Name and Ownership: States the official business name and confirms sole proprietorship ownership details

2. Article 2: Principal Place of Business: Specifies the registered business address and any operational locations

3. Article 3: Nature of Business: Describes the business purpose, intended activities, and scope of operations

4. Article 4: Capital Structure: Details the initial capital investment and source of funds

5. Article 5: Management and Control: Establishes the owner's authority and management structure

6. Article 6: Business Operations: Outlines basic operational procedures and decision-making processes

7. Article 7: Financial Year and Records: Specifies the financial year and requirements for maintaining business records

8. Article 8: Compliance: Commits to compliance with relevant Hong Kong laws and regulations

Optional Sections

1. Article 9: Succession Planning: Include when there's a need to specify provisions for business succession or transfer

2. Article 10: Intellectual Property: Include when the business owns or plans to develop significant intellectual property

3. Article 11: Employee Provisions: Include when the business plans to hire employees, outlining basic employment policies

4. Article 12: Dispute Resolution: Include when specific dispute resolution procedures are desired beyond standard legal remedies

5. Article 13: Business Insurance: Include when specifying required insurance coverage for the business

Suggested Schedules

1. Schedule A: Business Registration Details: Contains business registration number, certificates, and related documentation

2. Schedule B: Asset Register: Lists initial business assets and their values

3. Schedule C: Operational Licenses: Lists any special permits or licenses required for business operations

4. Appendix 1: Business Plan: Detailed business plan including market analysis and financial projections

5. Appendix 2: Sample Forms: Standard forms used in business operations, such as invoices and receipts

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Retail

Professional Services

Consulting

Food and Beverage

E-commerce

Technology

Healthcare

Education

Real Estate

Construction

Creative Industries

Manufacturing

Import/Export

Hospitality

Relevant Teams

Legal

Compliance

Finance

Operations

Risk Management

Business Development

Administration

Corporate Governance

Relevant Roles

Business Owner

Entrepreneur

Legal Counsel

Company Secretary

Business Registration Officer

Compliance Officer

Business Development Manager

Financial Controller

Tax Advisor

Risk Manager

Operations Manager

Industries
Business Registration Ordinance (Cap. 310): Primary legislation governing business registration in Hong Kong, including requirements for sole proprietorships to register their business and obtain a valid Business Registration Certificate
Business Names Ordinance (Cap. 56): Regulates the registration and use of business names in Hong Kong, ensuring uniqueness and proper documentation of business names
Inland Revenue Ordinance (Cap. 112): Governs taxation matters for all businesses in Hong Kong, including sole proprietorships, covering profits tax and reporting requirements
Trade Description Ordinance (Cap. 362): Ensures fair trading practices and protects consumers against false trade descriptions and misrepresentations about goods and services
Personal Data (Privacy) Ordinance (Cap. 486): Regulates the collection, handling, and use of personal data, which applies if the business will collect customer or employee information
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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