Q：
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What is the difference between company and firm?
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A：
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The term "company" as used in Company Act denotes a corporate juristic person organized and incorporated in accordance with this act for the purpose of profit making, which shareholder is only liable for the paid-up capital. Reversely, the term “firm” as used in Business Registration Act denotes a sole proprietorship or partnership in accordance with this act for the purpose of profit making.
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Q：
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Is it required to proceed the business registration for booths and stalls?
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A：
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The booths and stalls are all exempted from the business registration. For the necessity to application of vender item license, please consult with Taipei City Administrative Office for further understanding.
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Q：
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What if a store doesn’t proceed business registration but commence business operations normally?
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A：
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If the business commenced its business operations or committed any juristic act in its business name without a registration, the Relevant Authority at the place where the business is located shall order the individual actor(s) to complete registrations within the specified term limit. If the individual actor(s) fails to do so upon expiry of the time limit, he/she shall be fined not less than NT$ 10,000 and not more than NT$ 50,000 and the Relevant Authority at the place where the business is located may punish the actor(s) for each failure.
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Q：
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Is it possible for the pronunciation of firm name is the same as others but the fonts and definitions are different?
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A：
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Yes, it is possible to register.
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Q：
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Is it possible for a firm to set up branches?
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A：
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Yes, it is possible to set up branches, but the name of branch shall be XXX branch store, and the responsible person shall be the one as the head store as well as the capital shall be merged into the head store.
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FAQ
