Q41: What should be considered when determining the business purpose of a new company?
ringo tax corporation
Japanese Certified Public Accountant ・Tax Accountant Hiroya Aihara
Ringo Tax Corporation
A: It is recommended to specify a concrete company purpose.
Q: What are the benefits of specifying a concrete company purpose?
A: By defining the company purpose concretely, it becomes easier for business partners and creditors to understand the company's activities.
Q: Can you provide examples of specific business purposes?
A: For example, you can specify certain industries or business areas such as real estate development and sales, IT services provision, or manufacturing.
Q: Is it common to write "all other lawful business activities" after listing specific business purposes?
A: Yes, many companies include a general statement covering all other lawful business activities after specifying concrete business purposes.
