1. Introduction and Purpose

This Risk Disclosure statement is provided by ARK PLATFORMS, EUROPE LIMITED, operating as Bizly ("Bizly," "we," "us," or "our"), to inform you of the risks, limitations, and important considerations associated with using our company formation services, marketplace orders, and related services (the "Services"). By using our Services, you acknowledge that you have read, understood, and accepted the risks disclosed in this document. This Risk Disclosure is not exhaustive and does not cover all possible risks. You should conduct your own research, seek professional advice, and carefully consider whether our Services are suitable for your needs and circumstances before proceeding.

2. No Guarantee of Success or Approval

IMPORTANT: We do not guarantee that your company formation application, marketplace order, or any other service request will be successful, approved, or accepted by the relevant authorities or third parties. Success depends on many factors outside our control, including: (a) The accuracy and completeness of the information you provide; (b) Your eligibility and compliance with legal requirements; (c) The policies, procedures, and discretion of government authorities, regulatory bodies, and third-party service providers; (d) Changes in laws, regulations, or policies; (e) Political, economic, or administrative factors in the relevant jurisdiction. We provide document preparation and submission services, but we cannot control or influence the decisions of authorities or third parties. Rejection or denial of your application does not entitle you to a refund unless explicitly stated in our Refund Policy.

3. Legal and Regulatory Compliance Risks

Forming and operating a company involves complex legal and regulatory obligations that vary by jurisdiction. You are solely responsible for understanding and complying with all applicable laws and regulations, including but not limited to: (a) Corporate governance and company law requirements; (b) Tax registration, filing, and payment obligations; (c) Employment and labor laws; (d) Industry-specific regulations and licensing requirements; (e) Data protection and privacy laws; (f) Anti-money laundering (AML) and counter-terrorist financing (CTF) regulations; (g) Sanctions and export control laws; (h) Consumer protection laws; (i) Environmental regulations; (j) Import/export and customs laws. Failure to comply with legal and regulatory requirements can result in fines, penalties, legal action, criminal prosecution, dissolution of your company, and other serious consequences. We strongly recommend that you consult with qualified legal, tax, and compliance professionals in the relevant jurisdiction before forming a company or engaging in business activities.

4. Tax Obligations and Risks

Forming a company creates tax obligations in one or more jurisdictions, which may include: (a) Corporate income tax; (b) Value-added tax (VAT) or sales tax; (c) Payroll taxes and social security contributions; (d) Withholding taxes on payments to non-residents; (e) Transfer pricing obligations for international transactions; (f) Tax reporting and disclosure requirements; (g) Personal tax obligations for directors, shareholders, and beneficial owners. Tax laws are complex and vary significantly by jurisdiction. You are solely responsible for understanding your tax obligations, registering with tax authorities, filing tax returns, and paying all taxes owed. Failure to comply with tax obligations can result in penalties, interest charges, audits, legal action, and criminal prosecution. We do not provide tax advice, and you should consult with a qualified tax professional or accountant regarding your specific tax situation. The tax treatment of your company and business activities may change over time due to changes in tax laws or your circumstances.

5. Ongoing Compliance and Maintenance Obligations

After your company is formed, you will have ongoing compliance and maintenance obligations, which may include: (a) Filing annual returns, financial statements, or other reports with government authorities; (b) Maintaining statutory registers and records; (c) Holding annual general meetings (AGMs) and board meetings; (d) Appointing and maintaining directors, officers, and a registered agent; (e) Maintaining a registered office address; (f) Notifying authorities of changes to company information, directors, or shareholders; (g) Renewing business licenses and permits; (h) Complying with accounting and auditing requirements; (i) Maintaining corporate formalities and avoiding piercing the corporate veil. Failure to comply with ongoing obligations can result in fines, penalties, administrative dissolution of your company, loss of limited liability protection, and other consequences. We may offer registered agent services and compliance reminders, but you are ultimately responsible for ensuring compliance with all ongoing obligations.

6. Jurisdictional Risks and Differences

Different jurisdictions have different laws, regulations, business environments, and risks. Factors to consider when choosing a jurisdiction include: (a) Political stability and rule of law; (b) Tax rates, tax treaties, and tax enforcement; (c) Regulatory environment and ease of doing business; (d) Legal protections for shareholders and creditors; (e) Reputation and perception of the jurisdiction; (f) Access to banking and financial services; (g) Language and cultural considerations; (h) Costs of formation and ongoing compliance. Some jurisdictions may be considered "tax havens" or "high-risk jurisdictions" by banks, regulators, or business partners, which can create challenges in opening bank accounts, conducting business, or maintaining a good reputation. You should carefully research and consider the advantages and disadvantages of each jurisdiction before making a decision. We provide information about different jurisdictions, but we do not recommend or endorse any particular jurisdiction, and you are responsible for making your own informed decision.

7. Banking and Financial Services Risks

Opening a bank account for your company can be challenging, especially for companies formed in certain jurisdictions or engaged in certain business activities. Banks have strict KYC/AML requirements and may refuse to open accounts for companies that they perceive as high-risk. Factors that may affect your ability to open a bank account include: (a) The jurisdiction where your company is formed; (b) Your nationality, residence, and tax status; (c) The nature of your business activities; (d) Your business plan and expected transaction volumes; (e) Your ability to provide required documentation and information; (f) The bank's risk appetite and policies. We do not guarantee that you will be able to open a bank account for your company. While we may provide introductions to banking partners or assistance with the application process, the decision to open an account is solely at the discretion of the bank. You should have a plan for how you will manage your company's finances if you are unable to open a bank account in your preferred jurisdiction.

8. Marketplace Services and Third-Party Risks

Our marketplace services involve the preparation and submission of documents, applications, or requests to government authorities, regulatory bodies, or third-party service providers. These services carry inherent risks, including: (a) Rejection or denial of applications by authorities or third parties; (b) Delays in processing or delivery due to factors outside our control; (c) Changes in requirements, fees, or procedures by authorities or third parties; (d) Errors or omissions in documents prepared by us or third parties; (e) Loss or damage to documents during transmission or delivery; (f) Fraud or misconduct by third-party service providers. We make reasonable efforts to ensure the quality and accuracy of our marketplace services, but we cannot guarantee outcomes or control the actions of third parties. You should review all documents carefully before submission and should have contingency plans in case of delays or rejections. As stated in our Refund Policy, rejections by authorities or third parties generally do not entitle you to a refund.

9. Data Security and Privacy Risks

We collect, store, and process personal data and sensitive information as part of providing our Services, including identification documents, financial information, and business information. While we implement robust security measures to protect your data, no system is completely secure, and there are inherent risks associated with transmitting and storing data electronically, including: (a) Unauthorized access, hacking, or cyberattacks; (b) Data breaches or leaks; (c) Loss or corruption of data due to technical failures; (d) Interception of data during transmission; (e) Insider threats or employee misconduct; (f) Vulnerabilities in third-party systems or services. You acknowledge and accept these risks when using our Services. We will notify you promptly in the event of a data breach affecting your personal data, and we will take appropriate steps to mitigate the impact. You should take your own precautions to protect your data, such as using strong passwords, enabling two-factor authentication, and being cautious about phishing attempts.

10. Reliance on Information Provided

The information, guidance, and resources we provide through our website, customer support, and other channels are for general informational purposes only and should not be relied upon as legal, tax, financial, or professional advice. You should not make decisions based solely on information provided by us without consulting with qualified professionals. We make reasonable efforts to ensure the accuracy and currency of the information we provide, but: (a) Laws, regulations, and requirements change frequently, and information may become outdated; (b) Information may not be applicable to your specific circumstances; (c) We may make errors or omissions in the information provided; (d) Information from third-party sources may be inaccurate or incomplete. You are responsible for verifying all information and seeking professional advice before making decisions. We are not liable for any losses, damages, or consequences resulting from your reliance on information provided by us.

11. Limitation of Services

Our Services are limited to company formation, document preparation, and related administrative services. We do not provide: (a) Legal advice or legal representation; (b) Tax advice or tax preparation services; (c) Accounting or bookkeeping services; (d) Financial planning or investment advice; (e) Business consulting or strategy advice; (f) Guarantees or assurances about the success of your business; (g) Ongoing management or operation of your company. You are responsible for obtaining professional advice and services as needed for your business. We may provide referrals to third-party professionals, but we do not endorse or guarantee the quality of their services, and you are responsible for evaluating and selecting service providers.

12. Changes in Laws and Regulations

Laws, regulations, and government policies can change at any time, sometimes with little or no notice. Changes may affect: (a) The requirements for forming or maintaining a company; (b) Tax rates, tax rules, or tax treaties; (c) Regulatory requirements for specific industries or business activities; (d) Immigration and visa requirements; (e) Sanctions, export controls, or trade restrictions; (f) Data protection and privacy requirements; (g) The validity or enforceability of contracts or agreements. You are responsible for staying informed about changes in laws and regulations and for ensuring ongoing compliance. We may provide updates or notifications about significant changes, but we are not obligated to do so, and you should not rely solely on us for information about legal or regulatory changes. Changes in laws or regulations may require you to take additional actions, incur additional costs, or may make your business activities more difficult or impossible to conduct.

13. Economic and Market Risks

Operating a business involves economic and market risks that are outside our control and that may affect the success of your business, including: (a) Economic recessions, downturns, or financial crises; (b) Changes in market demand for your products or services; (c) Increased competition or market saturation; (d) Changes in consumer preferences or behavior; (e) Supply chain disruptions or increased costs; (f) Currency fluctuations and exchange rate risks; (g) Inflation or deflation; (h) Changes in interest rates or access to credit; (i) Political instability, conflicts, or trade disputes. We do not guarantee the economic viability or success of your business. You should conduct thorough market research, develop a sound business plan, and be prepared for economic uncertainties and challenges.

14. Intellectual Property Risks

When choosing a company name or brand, you should ensure that you are not infringing on the intellectual property rights of others. Risks include: (a) Trademark infringement or confusion with existing trademarks; (b) Use of names that are too similar to well-known brands; (c) Copyright infringement in logos, designs, or content; (d) Domain name disputes or cybersquatting; (e) Legal action, cease-and-desist letters, or damages claims from rights holders. We conduct basic name availability checks with company registries, but we do not conduct comprehensive trademark searches or provide legal advice on intellectual property matters. You are responsible for conducting your own trademark searches, consulting with an intellectual property attorney, and ensuring that your chosen name and branding do not infringe on the rights of others. Trademark disputes can be costly and may require you to rebrand or change your company name.

15. Liability and Indemnification

Our liability to you is limited as set forth in our Terms of Service. We are not liable for: (a) Decisions, actions, or omissions of government authorities, regulatory bodies, or third-party service providers; (b) Delays, rejections, or failures in processing your applications or orders; (c) Changes in laws, regulations, or policies; (d) Your failure to comply with legal, tax, or regulatory obligations; (e) Economic losses, lost profits, or business failures; (f) Indirect, consequential, or punitive damages; (g) Losses resulting from your reliance on information provided by us; (h) Losses resulting from data breaches, cyberattacks, or technical failures, except as required by law. You agree to indemnify and hold us harmless from any claims, damages, or losses arising from your use of our Services, your business activities, or your failure to comply with laws and regulations. You should consider obtaining appropriate insurance coverage (e.g., professional liability insurance, cyber insurance, business interruption insurance) to protect against risks associated with your business.

16. No Fiduciary Relationship

Our relationship with you is that of a service provider and customer. We do not act as your agent, fiduciary, trustee, or representative. We do not have a duty to act in your best interests beyond providing the Services in accordance with our agreements. You are responsible for making your own decisions, and we are not responsible for the outcomes of those decisions. You should seek independent professional advice when making important business, legal, or financial decisions.

17. Force Majeure and External Events

Our ability to provide Services may be affected by events beyond our reasonable control, including: (a) Natural disasters (earthquakes, floods, hurricanes, pandemics); (b) Wars, terrorism, or civil unrest; (c) Government actions, including lockdowns, travel restrictions, or emergency measures; (d) Strikes, labor disputes, or supply chain disruptions; (e) Cyberattacks, internet outages, or infrastructure failures; (f) Failures or disruptions by third-party service providers. We are not liable for delays, failures, or inability to perform our obligations due to force majeure events. In such cases, we will make reasonable efforts to resume Services as soon as possible, but we cannot guarantee timelines or outcomes. You should have contingency plans and be prepared for potential disruptions.

18. Acknowledgment and Acceptance of Risks

By using our Services, you acknowledge and accept all risks disclosed in this Risk Disclosure statement and any other risks associated with forming and operating a company. You confirm that: (a) You have read and understood this Risk Disclosure; (b) You have conducted your own research and due diligence; (c) You have sought or will seek professional advice as needed; (d) You understand that we do not guarantee outcomes or success; (e) You accept full responsibility for your decisions and their consequences; (f) You will not hold us liable for risks that are disclosed or that are inherent in business activities. If you do not understand or accept these risks, you should not use our Services.

19. Updates to This Risk Disclosure

We may update this Risk Disclosure from time to time to reflect new risks, changes in our Services, or changes in laws and regulations. Updates will be posted on our website with a new "Last updated" date. We encourage you to review this Risk Disclosure periodically. Your continued use of our Services after updates are posted constitutes your acceptance of the updated Risk Disclosure.

20. Contact Us

If you have questions about this Risk Disclosure or the risks associated with our Services, please contact us at:

ARK PLATFORMS, EUROPE LIMITED
Attention: Customer Support
OFFICE 12, INITIAL BUSINESS CENTRE
WILSON BUSINESS PARK
MANCHESTER, M40 8WN
United Kingdom

Email: info@arkplatforms.co.uk
Phone: +44 7308 506068