Protect Yourself and Your Co-founders

Centre O INCORPORATION

Protect yourself and your co-founders with Shareholders’s Agreement Shareholder’s Agreement is: 1. A legal contact between shareholders 2. An exit strategy if any of the founders leaves the company TIPS: Best to settle the agreement during the initial startup stage of your business

Structure of a WFOE

Centre O INCORPORATION

Step 1. Restriction on Services:  -A WFOE can only conduct its business within its approved Business Scope. Business Scope of a service orientated WFOE includes: a. investment consulting b. international economic consulting c. trade information consulting d. marketing and promotion consulting e. corporate management f. technology consulting Step 2. Name Approval Required -As the application of pre-approval takes time, it is …

Advantages of a WFOE

Centre O INCORPORATION

1. It is an independent legal personality 2. Offers additional protection to its property rights as opposed to that of a joint venture company 3. Able to receive and remit capital or profit without seeking approval from the authorities 4. Able to maintain the investor ‘s global strategy 5. Shareholder’s liability is limited to its registered and paid up capital …