I ran a startup that was aimed at selling financial digital services aimed at Mainland China, with a LTD registered in Hong Kong since late 2015.
Unfortunately the startup was a failure due to huge and massive development costs that are associated with Chinese development.
Currently it has booked net-operating-losses of 4.9m HKD (625k USD, in todays exchange-rate), and has no third-party-obligations (loans, notes etc), since it was financed by my own money.
It has no bank-account as it was closed down, as there was pocket-change in it.
I am not certain as to what the worth of it is, since 50% of the booked losses seems very steep for most people I have looked into selling to.
Would 10-15% of the losses be a reasonable figure to sell it for?
Currently it is just sitting there and I have no idea on what to do with it, as I have to renew the business registration every year and pay the virtual office fee (Jumpstart), which basically costs me money and unnecessary hassles.
Any advice on what I should do?
Unfortunately the startup was a failure due to huge and massive development costs that are associated with Chinese development.
Currently it has booked net-operating-losses of 4.9m HKD (625k USD, in todays exchange-rate), and has no third-party-obligations (loans, notes etc), since it was financed by my own money.
It has no bank-account as it was closed down, as there was pocket-change in it.
I am not certain as to what the worth of it is, since 50% of the booked losses seems very steep for most people I have looked into selling to.
Would 10-15% of the losses be a reasonable figure to sell it for?
Currently it is just sitting there and I have no idea on what to do with it, as I have to renew the business registration every year and pay the virtual office fee (Jumpstart), which basically costs me money and unnecessary hassles.
Any advice on what I should do?
