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blackcab
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Posts posted by blackcab
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The first thing to do is to find out the current company structure. Who are the shareholders, and what percentage of the company does each of them own? Who are the directors?
Once you know this, a shareholder meeting needs to be called. It takes 25 per cent ownership of the company or more to be able to call an EGM. If this isn't an option you will need to wait until the next AGM. A motion calling for the sale of the property should be proposed and seconded, and then a majority of the shareholders (in terms of the percentage of shares that they hold) need to vote for the motion. The meeting minutes need to be recorded and signed.
You also need to find out if the company was loaned money to purchase the property. If so there should be a loan agreement in the minutes of the company's meetings. This loan will need to be repaid when the property is sold.
At this point the required number of company directors need to put the property up for sale. When a buyer is found, the necessary documentation must be prepared for the land office.
Obviously, if the majority of shareholders do not agree to sell them nothing can happen as the shareholders own the company.
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I've updated my original post with recent info about hand carrying cash from Suvarnabhumi to the UK.
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An unhelpful post and a reply to it have been removed.
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There is a left luggage facility operated by Bellug. Details here:
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6 hours ago, SoSoCNX said:
Would a person with 20,000USD have to declare it at Thai immigration?
Yes. You have to declare anything over 15,000 USD.
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Moved to the visas for other countries forum.
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Moved to the Bangkok forum for local input.
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This photo has already been discredited. Please read the linked article below. I am locking this thread to prevent incorrect information being circulated.
Please understand that the forum has no problem disseminating the truth about this virus, however we can't allow false photos or stories to gain momentum.
Thank you to the OP for bringing what they believed to be a genuine story to the forum.
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Off topic and potentially libellous posts have been removed.
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Sufficient donors have been found, so I am going to close this thread.
A big thank you to everyone.
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On that basis I'm going to close this thread.
Thank you to all that have helped, shared and messaged. It's great news for a very deserving person.
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ByUpdate: Appeal closed as sufficient donors have been found. Thank you to everyone.
For Rodney Charman
CAN YOU HELP?
What is your blood type? Rodney Charman, who has spent his life helping other people through his work with the Ambulance Service, the Royal British Legion and many, many charities, needs urgent heart surgery.
He went in for a 5-hour operation but it was canceled at the last minute due to a lack of blood.
Neither King Chulalongkorn Memorial Hospital, Bangkok or the Thai Red Cross has the 4 Units of O negative blood he so desperately needs.
It’s just isn’t a common blood type in this part of the world.
This where YOU CAN HELP by doing one of two things.
Both free. If your blood type is O Rh Negative, please, please consider donating blood this weekend-today-now.
The details you need are below.
If you are a different blood type please forward this message to everyone you know who might be O RH Negative. That’s it. Simple but effective.
Rodney is a universal donor and has spent his life-giving. Please give something back for him; he’s too humble to ask himself.Rodney is a personal friend of mine. Please help if you can.
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5 minutes ago, Burma Bill said:
last week I made a selection of purchases in a 7-11 shop at a PTT station near Aranyapratet and the young lady kindly put them in a single use plastic bag from a stack on the counter
That won't go very well for the franchisee when they are found to be breaking brand standards.
All it takes is one post on Facebook.
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An off topic post has been removed.
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Off topic posts have been removed.
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2 hours ago, ThomasThBKK said:
only a scam lawyer or someone who wants to rip off his naive tenants would use them
You are correct that a 3+3+3 year lease is unenforceable at the end of the first 3 year period, and that a sale of the property could leave the lessee of an unregistered lease exposed. The actual reality is that with commercial leases this happens infrequently.
I've personally handled many commercial 3+3+3 leases between very reputable lessors and lessees. When both parties are established and well known entities it is a straightforward process.
You have to consider that if a commercial lessee is making money they will to stay. In addition, lessors like regular rent payments without complication. That's the commercial reality.
I'm not saying it never happens, and I'm not saying it is a risk that should be ignored, but in my experience the situation is nowhere near as bad as what you say.
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An off topic post had been removed.
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From a landlord's perspective you don't want to register the lease. Indeed it is unusual to do so unless the lease is longer than 10 years or so.
One reason is that you will have to pay 1.1 per cent tax on the entire rent sum received for the entire duration of the contract at the time you register. So 50,000 baht a month for 10 years is a 66,000 baht tax payment.
Another more important reason is that once a lease is registered it become a real property right, as opposed to a contract right. This means that if you want to enforce part of the lease, for non payment, for example, you will have to pay to take the matter to Court. This will take many months and you will have to prove your complaint to the satisfaction of the Court.
Even then, you will only get a Court order to remedy the situation. If the tenants do not comply you will have to return to Court for enforcement.
Why would you, as a landlord, put yourself in this situation when you could offer an unregistered 3 year lease like everyone else?
If the tenant wants a nine year lease, offer them a 3+3+3, the same as other landlords. If the tenant wants certainty you can fix the price of each lease period in the initial contract.
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1 minute ago, snoop1130 said:Operators of trucks that miss the deadline can be fined up to Bt5,000.
Cheaper to pay the fine than get the emissions sorted.
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Can you give us a specific link to look at please?
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In this case, try not to shoot the messenger. The staff at the post office act on behalf of the Customs Department. The staff at the post office didn't assess the shoes.
If you disagree with the valuation you can appeal. It would be easier if you had an invoice or a receipt to back up your claim.
Even so, the duty and VAT are payable on the cost of the goods and the cost of the shipping.
From customs point of view, why would someone pay about as much to ship a pair of trainers as their value?
If you're a size 15, for example, and you have a proof of purchase then complete a refund form.
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Exactly as @CharlieH said. One business for online selling, and a separate business for shipping.
This means the shipping aspect can be handled as a Thai business, subject to Thai taxation, but the selling part of the business can be registered in a more tax efficient country, as all the selling business provides is a digital service.
Very similar to how Amazon operates.
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Moved to the business forum.
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Borrowing some money
in Real Estate, Housing, House and Land Ownership
Posted
You're not asking the right question. What you need to ask is how will I get my money back.
A loan agreement will protect you to some extent, but if the money is not repaid then it will cost you more money in legal costs, and several years to get repaid. Possibly.
This is all assuming the land has a title deed that can be sold. It might be "family" land that cannot be given to non-family members.
You also need to consider if the borrower has any credible way of making repayments. No matter how sincere they are, if they don't have regular work and a disposable income then they will never be able to repay you.
Realistically, you probably can't protect yourself.
I'll move this to the Real Estate forum.