Business Proposal Drafting

Business Proposal Drafting

A business plan is an essential road map for business success. This document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues in the future. A well-written business plan can mean the difference between success and failure — not only when it comes to securing capital, but also as it relates to actually running your company.

 

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Why to make a business plan

A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts. A business plan helps you to clarify your business idea, spot potential problems, set out your goals and measure your progress. You’ll need a business plan if you want to secure investment or a loan from a bank. It also provides a clear picture of your planning to your customers, suppliers and potential employees.

 

What to consider before making a business plan

1. How Long Should Your Plan Be?

2. When Should You Write It?

3. Who Needs A Business Plan?

4. Why Should You Write A Business Plan?

5. Determine Your Goals and Objectives

6. Outline you Financing Needs

7. Plan what you'll do with Your Plan

8. Don’t Forget About Marketing

 

What to avoid in your business plan

Place some reasonable limits on long-term (over one year), future projections. Better to stick with short-term objectives and modify the plan as your business progresses. Too often, long-range planning becomes meaningless because the reality of your business can be different from your initial concept.

 

Avoid optimism. In fact, to offset optimism, be extremely conservative in predicting capital requirements, timelines, sales and profits. Few business plans correctly anticipate how much money and time will be required.

 

Avoid language or explanations that are difficult to understand. Do not ignore spelling out what your strategies will be in the event of business adversities.

 

Don't depend entirely on the uniqueness of your business or even a patented invention. Success comes to those who start businesses with great economics and not necessarily great inventions.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline:603-21418908;
24 hours Hong Kong hotline:852-27837818;
24 hours Hong Kong hotline:86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

China Company Annual Return

China Company Annual Return

China Company Annual Return is a summary of the most relevant information pertaining to a company and close corporation. Submission of annual return for China Company also confirms that the company is still in business or will be doing business in the near future.

 

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An annual return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with. Failure to do so will result in the Commission assuming that the company and/or close corporation is not doing business or is not intending on doing business in the near future. Non-compliance with annual returns may lead to deregistration, which has the effect that the juristic personality is withdrawn and the company or close corporation ceases to exist.

 

Content of Company Annual Return in China

The following details have to be included:

1. Registered office address

2. Business nature of the company (eg retail, accountancy, catering)

3. Address where the company’s list of shareholders is kept

4. Type of limited company (eg limited by shares, limited by guarantee)

5. Name and address of all company directors (and company secretary if you have one)

6. Number and value of shares issued by the company and who owns them

7. Details of ‘debentures’ (a type of loan the company has taken out with a promise to repay at a specific time in the future)

 

Annual Return Avenues in China

The Act makes a distinction between local companies and external companies’ annual returns and the content of each differs. There will therefore be three annual return lodgement avenues as follows:

1.annual return lodgement avenues for local companies

2.annual return lodgement avenues for external companies

3.annual return lodgement avenues for close corporations.

 

Time of Company Annual Return in China

Annual returns for local and external companies must be filed within 30 business days from the anniversary date of incorporation. If filing is done later than the 30 business days, there will be a penalty payable up until the company is deregistered due to non-compliance. No manual lodgement of annual returns will be allowed, due to the volumes involved.

 

There is no distinction under the new Companies Act between company types. Therefore, non-profit companies will also be required to lodge annual returns.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

China Labor Contract Drafting

China Labor Contract Drafting

A China labor contract has to contain the terms and conditions set by the employer relating to the weekly or monthly number of working hours, the probation and termination period, overtime payment and holidays and other details, such as salary or the exact title of the job. An employer can set his own conditions and particulars but they must not fall below the minimum requirements of the Employment Act. Before the recruitment, foreign business owners in China have to seek for the professionals’ (China lawyer) assistance to draft a China labor contract.

 

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Required Content of China Labor Contract

Article 19 of the Labor Law of the People's Republic of China defines the content required to be defined by labor contracts. Although they can contain other requirements and clauses, a Chinese labor contract must, at minimum, include the duration of the contract and a time limit during which the labor contract is in force. It must also define the job scope clearly and specify both labor conditions and labor protections. It must clearly state how much and how employees will be paid and must spell out disciplinary procedures for workers. Besides, it also has to clearly define when the contract can be terminated and specify liabilities for any contract violation.

 

China labor contract-Notice of termination

The usual period when a notice of termination has to be handed in by either the employer or the employee, depends on the duration of employment. If not stated differently in the contract, the periods according to which the notice of termination is related are:

1. Employed for less than 2 years (4 weeks’ notice)

2. Employed for 2 – 5 years (6 weeks’ notice)

3. Employed for more than 5 years (8 weeks’ notice)

 

Probation period of China labor contract

During the probation period, which is set individually by the employer, the employee can be dismissed without notice. The same applies to termination on the side of the employee. The probation period is usually between 1 to 6 months and the dismissal has to be justified. If a dismissal on the side of the employer is given after this period, and it is not due to the employee’s misconduct, the latter is entitled to layoff benefits. The basis on which the amount of days paid is calculated, will be the same as that for the probation period (employed for less than 2 years/from 2-5 years/for more than 5 years).

 

Labor contract plays an important role in the management of the companies, thus it is advisable for business owners to place significant emphasis on it. It is therefore necessary to seek China lawyers for help since they have a good knowledge of China labor law.

 

Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline603-21418908;
24 hours Hong Kong hotline852-27837818;
24 hours Hong Kong hotline86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

Guangzhou Company Registration

Guangzhou Company Registration

Guangzhou Company is a limited liability company set up in Guangzhou. Shareholders are domestic companies or individuals of Chinese nationality aged 18 years old and above, shall be responsible for the company to the extent of the capital contributions they have paid.

 

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GZ Company is broadly classified into: Guangzhou Domestic Company, Guangzhou foreign funded enterprise, Chinese-foreign Joint Venture (JV), Chinese-foreign Cooperative Joint Venture, Guangzhou Partnership Company, Individual Proprietorship Enterprise etc.

 

Narrow Sense of GZ Company: Guangzhou Domestic Company

Company Name of Guangzhou Company

The name of Guangzhou Company should be in the form of Administrative division (Guangzhou) + Trade Name + Sector Expression +Limited. Each enterprise shall use only one name and not be the same with or similar to the registered name in the same industry. If the word “China” is within the company name, it is required to be pre-approved by ICAB at national level in Beijing.

 

Business Scope

Business scope is one of the most important issues in FIE registration application, divided into the licensed business item and the general business item. Licensed business item means a pre-approval is needed before business license application. General business item means ordinary item which can be registered in Bureau of Industry and Commerce directly. Guangzhou Foreign Invested Enterprise can only conduct business within its approved business scope, which ultimately appears on the business license. There is some connection between business scope and register capital. Generally speaking, larger register capital, more business items can be approved.

 

Shareholder, Director and Manager, Legal Representative, Supervisor

  • Shareholder must be Chinese natural person or legal entity.
  • Director and Manager can be the same person, acted by shareholder, non-shareholder.
  • Legal representative is a person in charge of corporate operation, management and development, responsible for all the legal affairs arising from the running of the business, acted by director, manager, shareholder or non-shareholder.
  • Supervisor shall not serve concurrently as legal representative and senior management, acted by shareholder, non-shareholder. Supervisor’s duty is that check the company’s financial condition; supervise executives’ behavior of performing his duties, propose suggestions on dismissing any director or senior manager whose behavior is contrary to laws and regulations.

 

Documents & Information Required

  • Company Name of Guangzhou Company
  • Determine shareholder, business scope
  • Determine register capital, shares allocation proportion
  • Office address in China, 2x original leasing contracts, 2x copies of house property certificate with company stamp or signature of lesser and 2x landlord identification documents (The lessee should be acted by legal representative or investor. The area is required no less than 30 ㎡ and for commercial use only with more than one year’s rent and the lease contract should be endorsed by local Housing Management Authority)
  • ID Copy of Shareholder, Director, Legal Representative, Supervisor.

 

Working Time Needed

-Manufacturing enterprise: 20-40 working days (the time of approval papers application from the fire & environmental protection bureaus is not included)

 

-Trading& Service enterprise: 10-15working days.

 

-Guangzhou Company Registration Service

  • Guangzhou Company Business License
  • Having a corporate seal engraved by the public security authorities
  • Seal Carving Registration card
  • Organization Code Certificate
  • Digital Certificate of Organization Code Certificate
  • National Tax and Local Tax Certificates
  • Assist bank opening, but not including the bank charges
  • Three stamps (company stamp, financial stamp and personal stamp of legal representative)

 

General Tax Information

All enterprises are required to report to the Tax Administration Department monthly, quarterly and annually. We provides accounting services for our clients; you are welcome to contact us for more information.

 

Annual Audit Report

Any limited companies in China should summit annual audit report to the relevant authorities. Any company will be subject be to a fine if the Annual Audit Report is not submitted in a timely manner.

 

Contact us

If you have further queries, please contact Tannet

24 hours Malaysia hotline:603-21418908;

24 hours Hong Kong hotline:852-27837818;

24 hours Hong Kong hotline:86-755- 36990589;

Email: mytannet@gmail.com

TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my

China Investment Services

China Investment Services

China business services

Business services include China company registration (WFOE,RO, CJV & EJV), Shenzhen company registration (WFOE,RO, CJV & EJV), Beijing company registration (WFOE,RO, CJV & EJV), Shanghai company registration (WFOE,RO, CJV & EJV), Guangzhou company registration (WFOE,RO, CJV & EJV), China trademark registration, bank account opening, China tax layout, China legal services, monthly /quartly annual tax return to national tax and local tax administration, China human resource plan, China work permit & residence permit, China entry visa, China bookkeeping and auditing, China patent & copyrirght registration, logo design, website design & building, B2B trading, business brain base, tailor-made magazine, supply & demand matchmaking and software. For more information, please turn to www.tannet.net.cn

China Investment services

Tannet is an expert in giving advices on why to invest in China, how to invest in China, where to invest in China, and what to invest in China. China investment services includes China investment portfolio, project feasibility study, policy analysis, market study, business plan, project financing, investment opportunities, merger and acquisition (M&A), China market feasibility study, investment promotion, due diligence report, business and investment opportunities, BOT investment service, China pre-IPO guidance, business project cooperation, foreign direct investment guide, security investment and any other area of business and investment solution. For more information, please turn to INVEST IN CHINA

Other Outsourcing Services

Tannet would also offer other services, including trade and logistic assisatnce services, bank documents follow-up, L/C, shareholder nominee, call transfer, business image matching, shareholder trustee, company image spokenmen, consulate sign & seal documents, goods & payment transfer service, annual returns, share tranfer, statutory documents renewal, deregistration & renaming, financial & tax management training, human resources (HR) training, successful business training, administrative assistant training and risk management training, etc.

Contact Us
If you have further queries, please contact Tannet Group.

24 hours Malyasia hotline:603-21418908;
24 hours Hong Kong hotline:852-27837818;
24 hours China hotline:86-755- 36990589;
Email: mytannet@gmail.com
Our Inforamtion Center : http://www.ono-bbb.net
Accountant’s Service : http://3737580.hk/eng
TANNET GROUP : http://www.tannet-group.net

China Market Development Service

China Market Development Service

China Online Marketing = Pathway to China Market

The internet user in China has reached more than 500 million people, which means the combination of internet users in France, England, Germany, Japan, and America. From 2008 to 2011, the rate of using internet weekly has increased 35%, said the Vice-President of Tencent, Inc.

 

Tannet assist client in online marketing:

China Online Marketing Services

  • Website Design & Optimization
  • Account Registration (Baidu, Google, ONO-BBB, Taobao, etc)
  • Branding (Online name card, Product & Services)
China Marketing Legal Advisory and Planning
  • Lower Marketing Distribution & Agent Risk Monitoring
  • China Business Contract Drafting
  • China Marketing Counseling, HR Planning & Risk Management
  • Trademark Registration, Barcode Registration
  • China Import & Export and Logistics
Tannet Group Limited has 10 offices in China. With 13 years of experience, Tannet is now an organization which provides tailor-made services globally. Tannet has well-positioned in China as a consultancy firm and be awarded "The Creative Enterprise of Business Establishment".
 

Contact Us
If you have further queries, please contact Tannet Group.

24 hours Malyasia hotline:603-21418908;
24 hours Hong Kong hotline:852-27837818;
24 hours China hotline:86-755- 36990589;
Email: mytannet@gmail.com
Our Inforamtion Center : http://www.ono-bbb.net
Accountant’s Service : http://3737580.hk/eng
TANNET GROUP : http://www.tannet-group.net