LSBA
Industry:
Commercial Services
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DESCRIPTION

Law's is a Hong Kong-based professional services firm that provides corporate and credit consultancy services to individuals and small and medium enterprises. Law's helps clients maintain regulatory compliance through accounting, tax filing, company formation, and corporate secretarial services. The credit consultancy division assists individuals with mortgage applications for government housing schemes and helps businesses secure financing by developing business plans and loan applications. SME financing consultancy is Law's largest revenue driver and commands higher fees than corporate secretarial work. Law's uses an asset-light business model, charging fixed fees per engagement and recognizing revenue upon delivery of services. The primary operating costs are employee salaries, professional fees, and referral fees paid to third parties who bring in new clients. While some compliance services recur annually, credit consultancy and company formation are typically one-time engagements. Law's sources most customers through the management team's professional network and client referrals. To grow, Law's plans to increase its headcount in Hong Kong, automate routine accounting and filing tasks, and expand into Southeast Asia to help regional businesses establish Hong Kong entities.

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