This week's Gadget Watch takes a look at the new Aquos P line LCD televisions, Sony Cibershots' new 4GB digital camera, and Hitachi's Wooo UT home entertainment system that blurs the line between a usual LCD television and display.

Both the Godo Kaisha and Kabushiki Kaisha entities I mentioned last week are independent companies and are the most common forms of incorporation in Japan. But what if you are helping a foreign firm get set up here? Well, there are other choices, but before I go into them, I'll just say that I prefer establishing an independent company like a KK because it provides you with "firewalling" of the Japan operation, by limiting the liability of management to the laws and actions made here to the Japanese market. It is for this reason that most foreign firms like to use the KK instead of other options.

Mac OS X Leopard,wooden IT paraphenalia from Marubeni and 'MUSIC PRJECT' from Sony and AU make up these weeks Gadget Watch. Don't miss out on the chance to find out the future of gizmos and gadgets in Japan. Read Now

Because of these issues with a GK, I usually advise people to consider a proper shares-based corporate entity, and this means moving to a Kabushiki Kaisha. Setting up a Kabushiki Kaisha (KK) is much easier than it used to be, and in practice it costs around JPY140,000 more than a GK to do. Therefore, I see little point in encouraging those wanting to build a business that they can sell one day, to pursue a GK. Although having said that, you can easily upgrade a GK to a KK.