Q：
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When the company’s registered address does not match the actual address, are there any penalties for this action?
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A：
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The company’s registered address can be different from the actual office address without incurring any penalties.
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Q：
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How can one differentiate between a company manager and a professional manager? What are their responsibilities and authorities?
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A：
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When there are two or more managers, their titles are determined by the company itself; there is no mandatory regulation regarding this in the Company Act. Additionally, according to Article 31 of the same act, “The scope of duties and power of managerial personnel of a company may, in addition to what are specified in the Article of Incorporation, also be defined in the employment contract. Managerial personnel shall be empowered to manage the operation of the company and to sign relevant business documents for the company, subject to the scope of his/her duties and power as specified in the Articles of Incorporation or his/her employment contract.
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Q：
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If someone’s identity has been misused as a nominee shareholder, what should be done?
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A：
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Legal remedies should be pursued. According to Article 9, Paragraph 4 of the Company Law, which concerns the establishment of a company or other registration items involving forged or altered documents, once a judgement has been made, the prosecuting authority will notify the competent authority, the Ministry of Economic Affairs, to revoke or annul the company registration.
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Q：
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Can a studio be registered as a business?
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A：
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If operated as a sole proprietorship or partnership, without establishing a corporation and conducting business under individual’s name, it is possible to apply for a business registration only, known as a “trade name” or “firm”.
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Q：
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What is the major difference between company and firm?
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A：
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A company has limited shareholder liability, ease of share transfer, the ability to plan profit distribution, and is generally larger in scale which facilitates business expansion, offering more flexibility. A firm, on the other hand, involves unlimited shareholder liability, cannot transfer ownership if it is a sole proprietorship without dissolving the business, must distribute profits within the fiscal year with no room for planning, is smaller in scale, and faces more obstacles in business expansion, thus being less flexible.
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FAQ
