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What is unlimited and limited company?

In the establishment of an unlimited company under the laws of the Hong Kong SAR Government, there is no upper limit for the shareholders' responsibilities. The operating risks and liabilities must also be fully accounted for by the shareholders. However, the annual accounting and auditing fees are relatively small. Conversely, the company is established. Operating risks and debts are not related to shareholders' private debts, but accounting and auditing fees are relatively heavy, and annual reporting procedures are complicated. Entrepreneurs should carefully consider which company is best suited to conduct business.