Carmine6

Try it is cuts your washing in half.

A quick squirt and the shirts, underpants are good for another day.

Turn them inside out and get double the days.

Those small fish in the buket are called Pla-Mor (Doctor Fish) and they dont het much bigger than they are now. My Mrs cooks them in a Green Jelly like scented soup and they are real tasty, but also very boney. My Mrs has the skill of a cat when it come to taking the bones out before she feeds the white meat to me, whilst she is happy to suck the eyes and brains out of the head.

Yeah, only some of those were species that get bigger. There was a big bucket on the side that had smaller fish than these, about 1 cm - 2cm long and smaller in some cases. I assume those were mainly babies, but maybe I'm wrong. Anyway, I love the soups and the meat as well, but getting all those bones out just makes it unpleasant. I like the catfish type fish though since they're bigger.

The pond in this case was actually a low spot in the river. A much bigger production than in blue eyes' case. One of those irrigation pumps was used to suck the water up to that other level that they kind of dammed off. The kids were trying to finish up the catch and all the remaining big fish in there were stirring up the water, but they only caught tiny fish.

PWC for a company this size? That makes no sense.

It made pleanty of sense to me and I only have a consulting company. I can't give many details in a public forum but I managed to save a bundle by triangulating and engaging in "functional analysis": Strip the functions to a third entity in a tax heaven and realize as little $$$ where you have to pay....Simple concept if you can get away with it!

P.S. A PriceWaterhouse partner was my professor so it didn't really cost me that much

Well it makes sense to get some guidance, but companies this small are so far off the radar that no one is going to go after them for transfer pricing tax issues. Plus the fees the Big 4 charge would bankrupt a company this small in a week. My bill rate was $450/hr and I was years away from being a partner.

Way up in Chayaphum you will be seen as one big cash cow.

Every estimate for building, supplying etc etc will be designed to fleece you to the max.

That far upcountry you are someone's chance for a big score.

Chok dee maak.

Yeah, I already am seen that way, and I've only visited. That's why if I ever did something like this, I wouldn't even go up there until things were under way. I'd have my girlfriend do it. I was mainly doing the math just to back into how feasible very early retirement would be, and how much I'd have to be willing to lose.

What kind of snakes are living in Thailand anyway? Last year we went "fishing" in one of those Waterhole's (the kind of pumping out the water, jump in the mud, and try to catch your fish) and one of the uncle's cought a snake. After he hit the snake with his parang, I asked my wife what kind it was,

"I don't know", is it dangerous? " I don't know " poisonous? "I don't know"

So maybe somebody on this board knows? It was about 2 1/2 ft long, beige coloured, coffin shapped head.

Tx

Darling where is my wallet??

Going way off topic here, but what did you think of the whole drain the pond thing? When I saw one I was surprised that pretty much everything was kept, including a whole bucket of unbelievably tiny baby fish that I thought should maybe be thrown back and caught later.

Here's a picture of "big" fish that are being divided up with a bowl. The ones that were big enough to sort by hand are already in the buckets. Many of these I'd want to throw back, but at least they're kind of meaty. I didn't get a picture of the bucket of baby fish that'd all go back if I had a say (the alive ones). There was enough water left that some tiny fish could have been thrown back in, plus the rest of the river had a lot of water.

Thanks jaiyen17 for your nice comments.

We simply don't like partnerships.

With the ordinary partnership, your fiancée and you both would have unlimited liability. That liability ceases two years after a partner leaves that partnership. Once creditors attach the partnership assets they then can go after the individual partners assets.

On the Limited Partnership, you as the foreigner would have limited liability but your fiancée would have unlimited liability. Limited liability for you that is, if you did not get involve in the mgmt of the business, if you do then its unlimited liability as well for you. Also you as the foreigner cannot be on the bank account in a partnership.

I understand you don't like a Limited Company but you should. Your fiancée can own 49,990 shares and you as well can own 49,990 shares with 5 other shareholders (any nationally) owning the remaining 10 shares of the 100,000 shares allocated. Exporting is NOT restricted under the Alien Business Law so you both can have the equal number of shares. Your fiancée and you would have limited liability in a Limited Company and you both can be on the bank account. If either one of you died you would be protected with a will.

A limited company also would show more creditability than a limited partnership to obtain a visa to the USA. By the way, a Limited Company Business registration by itself is not very useful to obtain a visa. You will need contracts, invoices, bills of lading, accountant's reports and bank records showing regular, steady business activity.

What taxes will that open us up to paying in thailand?

USA and Thailand are under the double taxation treaty so if you pay taxes on income in Thailand you are exempt from that level of taxation in the USA on that net income declared. Have your Thai company be the exporter and payment sent back to Thailand for the shipment with a profit ( instead of just wholesale) This way this company will show the USA officials that this business is worth Pocky to come back to Thailand for. If its only a 20,000 Baht salary, forget it.

A Thai Limited Company with Tax ID, and Vat registration would only be 8,500 Baht in professional fees, 6,930 in government fees for a total of 15,430 Baht and you have a simple Thai Limited Company. The Consultation is free with or without the "Big Guy"

www.lawyer.th.com

Technically, the treaty itself is called "Treaty for the Avoidance of Double Taxation" I just spent some time in the PriceWaterhouse library looking it up. Taxation issues differ depending on nationality also. Some citizens (US, Lux, etc) are liable on their worldwide income while other are only liable on the portion of income derived in a country. You also have to ask yourselves, where and how you are going to realize profits (salary, dividends, interest) etc. Then, you should strip the funtions off the highest tax rate locations and charge for the functions performed by say, a coordination center. The important thing to remember, is that all "doble tax treaty" contains a see through provision whre they will nail you if they thing you are setting up a structure to avoid taxes. However, this is almost impossible to proove if you set up the correct structure BEFORE you start the business. With all respect, I would suggest you also consult an expert in international taxation at Price, for example, before contacting a Thai law firm. My 2 (euro)cents

PWC for a company this size? That makes no sense.

I've always found that its amazing what a little, soap, water, and elbow grease will do.

How do you manage to get the soap out that has been soaked up by the sponge lining?

Don't use a whole lot of soap, make it kind of diluted. After cleaning to your satisfaction by using a wet cloth to clean the pads, use a different cloth and press/squeeze out as much liquid as you can. Repeat the washing until the water comes out clean enough and the helmet smells ok. Then you can kind of dampen the lining again with water as kind of a rinse, and press out again. Some soap will be left, but hopefully it'll be nice smelling.

After that, put it somewhere where the liner will dry fast.

Since you're going through in Phuket instead of Bangkok, it's going to have to be speculation on my part. But try to have everything in regular luggage if you can. In Bankgok at least, boxes and other non-luggage things seem to get more stares by the agents even if the folks aren't stopped. And I've rarely seen anyone stopped. Probably under 1% as a whole planeload of people will leave baggage claim before me and I won't see them talking to customs as I walk through.

Also, in the very unlikely event you are stopped, if you can buy full, sealed packages of the questionable looking supplements before, it might help out. But maybe not all of them since it could look like you're going to sell them. Try to leave everything in the original container either way. I'd bet the agents generally speak English fairly well since there's a high percentage of tourists landing there.

They don't have a food quarantine like the US, or I guess Australia. So no problems with the oats and things.

Be careful what you say about the equipment being for work. Hopefully someone here can chime in on whether working on a foreign online business will get you in trouble or not, but you don't want government agents thinking you're going to be working while in Thailand. My laptop is for e-mail and playing DVD's if anyone were to ask, and that's it's main use. Although it's really in case I have to do some unexpected work while I'm traveling.

Above all, like everyone else says, look like the tourist you are. Don't be nervous, be relaxed and look forward to your stay.

I did a rough estimate of how much it would cost for a convenience store around Chaiyaphum and came up with 2 million baht on the first pass. Then I did some adjusting and came up with 2.4 million as a rough figure. This includes 1 rai of land along a fairly busy road for 600,000 baht, and building the store from scratch. The land cost is the only firm figure I have, but the building cost I base on what it costs for a larger house in the area, then I added 1,000,000 for fixtures and inventory.

And this is not with a gas station, maybe a 50 gallon drum for the motorbike sales. I wouldn't be surprised if my estimate got to 4 million baht if I really started adding things together. It could be done for 2 million, but for a store that would be big enough to supply enough profit for living expenses, I suspect it's going to have to be bigger and perhaps on more expensive land.

Like Morden says, wholesale is much more complex, and capital intensive. Not being Thai makes it that much harder. You're dealing with business people on both sides of the transaction and there's going to be more negotiating than with a strictly retail business. But maybe if you set up far enough away from the family, you can help each other by cutting volume deals jointly. You can kind of piggy back on their existing relationships and then use the increased volume to save both of you some cash.

Oil palm isn't the only vege used to make Bio-diesel. You can use Corn. Soy Bean & existing vege oil from the old deep fryer. It will defitnitely help save our planet from the ozone depletetion.

I'd also add that the bio-fuel being discussed the most these days is ethanol, not bio-diesel. Most cars work ok with up to 15% ethanol/85% gasoline mixture already. But if you replace certain components, seals, and other things, vehicles can go to 85% ethanol/15% gasoline (aka "E85"). Many new vehicles are already E85 compatible and can use any mix from 100% gasoline to E85. E85 Compatible Vehicles lists 59 different models from 8 different manufacturers that already are.

The best part is, you don't need all kinds of new crops to make ethanol, you can use sugar. According to the American Sugar Alliance, Thailand is one of the top 10 exporters (around 6 or 7) and exports 70% of it's sugar. So clearly Thailand can move toward ethanol without burning down forests. Any other crop you can make alcohol with, such as rice or corn, work as well. As the #1 rice exporter, there's another domestic source to go towards ethanol production.

So, we're not talking about an enormous investment with Thailand taking the lead in creating new technology. Much of that's already been done by the car companies. The switch could start with something as simple as moving a portion of the taxi fleet from LPG to an ethanol blend. No major new infrastructure required outside the big cities, since they could just buy regular gasoline as needed.

I don't know what's planned, but a real commitement could have good results.

There are some other points that you should consider.

1. Director(s) can have a resolution to pay dividend but the resolution must be approved in (general/extraordinary) shareholder meeting. Otherwise, it cannot be enforceable.

2. A company or director(s) only declares "to pay" dividend. When to pay is up to resolution of shareholder meeting.

3. A company can pay dividend only when it has no accumulated loss.

4. When paying dividend, a company must reserve profit amounted to 5% of dividend until it reaches 10% of registered capital. So, a company can only pay up to approximately 95.2% of capital gain.

5. A company might decide to dissolve for whatever reasons, even when it still makes profit. In this case, you will get 95.2% of capital gain from dividend payment plus your capital from preference shares. If your company has 2 million baht registered capital, 980,000 of capital and dividend go to you but 1.02 million and the reserve go to ordinary shareholders.

Thanks for the details on the dividend mechanics in Thailand. Good clarification in 5 too. I completely forgot about the 51% in capital contributed by the common shareholders in my prior responses, which changes the scenarios a lot.

I second Valjean's assessment. My Spanish is 1000% better than my Thai which makes it easier to get around in Costa Rica. And the scenery is a little more striking since it goes from beach to volcanos and rain forests, to beach in less than a day of travel. The people are very nice as well. It is also half the price to fly and 1/3 the travel time.

The standard of living in Costa Rica is probably higher on average than in Thailand. It has a well educated population, and their economy hasn't been ravaged by the civil wars that have devastated nearby countries in the not so distant past. One source of pride for them is they have no standing army due to the political stability. They say they're the Switzerland of the Americas.

But, the last time I was in Costa Rica was 2003. I was in Thailand 4 times last year alone. It's just that much more exotic feeling and interesting...the food, the people, the products in the stores. If I didn't have a Thai girlfriend I'd maybe travel to Costa Rica more, but it feels like a vacation spot to me, not a place to stop. If you're looking for a place more like the US, then Costa Rica is going to be it.

You're doing the right thing by checking things out for yourself, so you'll know soon enough. Come on back and report once you're done. Maybe I've missed out on something.

This all leads me to a possible answer to bkk90210's question:

... Some businesses may choose to pay out a dividend even if it has had a difficult trading year and has made a loss! (How do you think this is possible and why might a business choose to do this?) ...

A possible answer could be: A difficult trading year might lead to seriously considering liquidation. If the decission makers don't get much of a share after liquidation, they might want to sell out of assets and distribute gains as dividends and use whatever means they might have to "get rid" of capital gains, etc.

Well, I probably don't use the technical terms correctly, but I think its not too far from what Carmine6 writes in a different manner?

Yes, that's what I was saying. Have a lot of dividends declared so that whatever is left goes to you upon liquidation.

I didn't even notice that question in there. It's actually very common. Most companies don't pay out all their profits in dividends, especially early on. So even with a bad year, you may still pay the dividend since you've retained prior years' profits. The general tendency is to slowly increase the dividend even when the company is doing well so you can continue paying it even in bad years.

The way I interpret the text, I would declare dividends without paying them (if legal), which would leave a large accrued dividend should the company have to be liquidated quickly.

Not sure what kind of company we're talking about here, but you can also pay yourself a salary with appropriate legal authorization to work, and buy services and products from friends or family, or hire friends or family too.

You need to look a lot closer. Unless things have changed, the way that the Thai Commercial Registration Department requires a preference share arrangement to be set up, it is the ORDINARY SHARES that have full voting rights, and the PREFERENCE SHARES that get a voting privilege of one vote per every 10 shares. So - the ordinary shares have voting control.

What the preference shares give is first priority on share-based financial distributions, in any situtation where a distribution is called for, but there are not enough assets to fully pay all shareholders equally.

This is the trade off - the shareholders that lose voting power gain preference in distributions.

As far as I know, there is no way the government will allow the same shareholders to have both voting preference, and distribution preference.

Steve

Indo-Siam

Looks like for publicly traded companies preferred can have a max of the same voting rights. See below .pdf file page 3 which discusses paragraph 2 of section 102 of the Public Limited Company Act. PDF from BKK lawyers

There are some non-governmental websites that say you can give more voting rights to preference shares in Thailand when discussing land purchases. So perhaps this is possible for privately held companies.

Check the preference shares text

Another preference reference

But I finally found one that says this practice appears contrary to the Alien Business Law, but is widespread and you should get legal help.

See Joint Ventures

Sounds like it's not clearly prohibited and lawyers are interpreting it the way they want.

I'm at the final stages of the formation of a Thai co.ltd, where I hold 49% of the shares - all as preference shares - while my Thai wife holds the rest (except for 5 shares of 100 baht held by some of her family members) - all these are ordinary shares.

The preference shares - besides giving me voting rights 10:1 - give me a couple of financial priveleges. Since I'm not too familiar with legal/financial terms, misinterpretation of these priveleges isn't unlikely - so this is posted in the hope that some cleverer persons would kick in a few comments.

Here are the relevant paragraphs (quoted in full from the company's "Articles of Association"):

beginquote

The preferential rights of the preference shares are:

(1) having the right in dividend as fixes rate at 99.99% out of all amounts of the company's dividends declaration and the rights of first priority to receive such dividend and capital refundable;

and

(2) having the rights, in case of liquidation, of first priority to receive the accumulated dividend and capital refundable in full amounts of investment which the balance of which shall be refunded to the shareholders of ordinary shares.

endquote

My amateurish questions go like this:

A. Does (1) say that each year I can singlehandedly pocket 99.99% of the company's net profit (if that's what I wish)?

B. Does (2) say that, in case of liquidation, I can at best get only my invested capital back. If there is any money left it'll all go to the other shareholders - (inasmuch as I don't hold any ordinary shares)?

I think Wekhin's interpretation of 2 is correct. If there are never any declared dividends, then the amount received is up to the full capital invested, and all profits go to the common shares. If there are declared dividends which haven't been paid, then you receive that amount in addition to the capital. If the amount upon liquidation is less than the original capital plus unpaid dividends, then nothing goes to the common shares.

Basically, do not liquidate the company without first declaring dividends of at least the excess over your capital contributed.

As for the legality of this arrangement, I have no clue. But the way it is written allows you to receive basically all the funds if dividends are declared correctly. If some of those things mentioned by others are true, then you're going to want some kind of dividend stated for the preference shares in advance whether or not it can be paid. Then whenever the company is liquidated, even if it's done suddenly, you'll be due a lot of unpaid dividends.

Okay. Thanks guys for all your help. In short, I had a 'group' of people claiming they were cooperating in an investigation and lawsuit against me. I was forwarded an official looking letter from the Department of the Treasury claiming as such as well. They had personal info I don't know how they came by. But thanks to their incompetency and your help, I've uncovered it as a huge scam. The emails of the different people involved were all coming from the same IP address belonging to a company in Canada as I now know thanks to your help. Last night I spoke with Financial Crimes Network and Secret Service who confirmed that it is a fraud. I don't know who tries to pull a scam like this without first learning about IP addresses. But this person has ######ed with the wrong Chiang Mai Thai. Thanks again!

A few months ago there was a news story about a pedophile in Germany who received some scam thing saying the authorities were monitoring him. He was so convinced, he went to the police and confessed.

Bambina: Our Favorite TV Animal Expert to the Rescue!

That website is one of several that tend to believe the carving actually depicts a stegosaur, and that it is strong evidence that people (at the time the carving was added to Angkor Wat) would have either seen the creature or at least been very familiar with it because the creature was alive and well, stomping around the area at the time.

So... what do YOU think the carving shows? Why?

"Dragon" bones have been sold in some parts of China for years, and when they are examined, they are actually dinosaur bones. If this is a stegosaur, the artist likely saw a stegosaur fossil somewhere, or maybe a drawing by someone who did. It wouldn't have needed to be a full fossil either, they could have just filled in details like the strange head with the "horns" or "ears". They wouldn't have known that it was millions of years old.

Thanx Carmine,

You're always so fast to reply to my questions. I was trying to avoid lawyer fee's but you're right we could probably use some good sound guidance. A couple of years ago when we were real "young minds" with all this business and visa stuff we met a nice couple on Koh Samed who reccommended we talk to a gentleman named Greg Lange at sunbelt asia. We walked in the door and he met with us for about an hour. At that time we were exporting a small amount of product, I didn't own a shop, we didn't have a house in thailand, we were just a couple of love birds trying to find a way to be together. It was truly amazing that he took the time out of his busy schedule to talk with us. (he must have thought, "how sweet, but naive!) Now I've come to realize that he is the "big guy" at sunbelt asia. How wonderfully refreshing that he was as humble as he was to meet with such "small fish" . Anway, Pocky went to the local nonthaburi office and got all the partnership paperwork. It's relatively inexpensive and simple to do it all yourself. I'm just not sure the difference yet between an "ordinary partnership" and a "limited partnership" also will a registered partnership be regarded any differently than a registered company by the american embassey. All we really want is to make sure everything we're doing is above board. I couldn't be operating anything in america without some sort of "business license". So I really feel that we need somthing here for sure, and just getting back the "Vat" taxes is incentive enough.

If we start selling product from our thai company to our U.S company doesn't that mean we're taxed on that as income in thailand, I would think so. Really it's not income because it's the American business that transfered the money to the thai company to have it sent back to the same american business as wholesale product. If we end up paying taxes on it in thailand that doens't sound at all beneficial! Now I'm really confused! It seems as though the only money really being made in thailand is Pocky's salary. The rest of the money is just going out to other thai business's.

Looking forward to hearing more ideas by the way, how much do lawyers cost for consultation at sunbelt asia when Mr. Lange isn't volunteering his precious time?

Well you just happen to be dealing with some things that I've considered myself, so I'd done some minimal researching before. The only reason I said to try Sunbelt was positive comments on these boards, so glad to see it really is true.

Since you're all set up, I guess the big issue now is taxes. You would be subject to Thai taxes if you sell from the Thai partnership to the US business, but that's the point if the tax rate is lower in Thailand. I'm not sure if that's the case, or if you will suddenly end up with extra import/export tariffs or something. Hence a discussion with a lawyer just to figure out what options you have. I don't think the tax would be on the whole amount that you receive from the US business. The Thai business would be buying the goods from someone else, so only the profit should be taxed.

If the Thai tax rate is better, you could charge the US business a higher price and generate income in Thailand. The higher price will lower the profit of the US business and the taxes as well. You'd have to create invoices and things like that, but if it saves some taxes, it's worth it. You could even bypass the US business and invoice your customers directly if it makes sense. That might even be a better story for the visa as well - that the Thai partnership may start shipping and invoicing directly and that's why you set it up, and that's why Pocky will have to head back to Thailand.

Perhaps moving income to Thailand would also allow more ability to obtain a loan to buy land or build a house too. I'm not sure. Just some things to consider and ask someone qualified. Also consider that moving more money over there increases the risk for you if your relationship goes bad.

In the US, the distinction between a general partnership and a limited partnership is mainly the financial liability and management responsibility of the partners. Limited partners aren't generally liable for the financial debts of the partnership if it defaults on a loan or is sued, but there has to be a general partner that is. The limited partners also don't manage the operations of the partnership. In regular partnerships everyone can be held liable, and everyone can act on behalf of the partnership. No idea what the difference is in Thailand.

I hope this is an annual event and not just an emergency measure.

Sunbelt Asia which sponsors this topic may be able to help you (click their logo on the forum front page for contact info). It really sounds like a question for them or a Thai attorney. I say that because you're dealing with a relatively short time frame before you apply for your fiance's toursit visa and it would be nice to get all this ironed out before that. I think the more you can set up a real separate company in Thailand, the better his visa case looks.

Keeping the money separate seems straight forward if you sell to your US business from the Thai business. If your tax rate is higher in the US, you can even shift some profit to the Thai company by charging the US business more for the goods. Good luck.

Whoever owns the debt has 6 years from the date you last acknowledge it to collect it, unless legal action has been started (i.e. court papers have been lodged and you've been served with defence papers) and then the statute of limitations ceases to apply. If you are outside of England (England and Scotland have distinct civil law) you are without the jurisdiction of the court and therefore can't be served the court papers (so legal action can't begin). However, should a reciprocal agreement exist with the country to which you "flee", then court action can be taken. I don't know if England/Thailand have such an agreement. If they don't, the creditor, should he know you're in Thailand, could sell your debt to a Thai company and they could come looking for you and seek to recover it under Thai law. You'd have to decide whether you think the amount is big enough for them to warrant doing this.

Certainly, however, on an unsecured debt, the property cannot be repossessed and, providing you have made at least one repayment, the matter is a civil one rather than criminal. You can guarantee that the creditor will telephone/visit your parents, but once they've been informed that you're not in the country, any further visits/phone calls can be perceived as harrassment and your parents could involve the plod.

Scouse.

In case someone in the US is in this situation (at least California), a person does not have to be served with the papers directly. You just need to attempt service a certain number of times, and then can deliver it to someone you reasonably believe will pass the papers along, such as a receptionist at the place of work, or a relative at the former residence. Where I worked 15 years ago, one person was stupid enough to show up in court and tell the judge that he wasn't served with the court papers. The judge said, you clearly knew about court today, so let's start.

Pretty funny. Are you trying to beat others to the punch?

pattaya, do yourself a favor and Google "UK debt collection." What you'll find if you check for litigation and enforcing judgements is that they can sue for the unsecured debt. When they win (and if you're not there, they will get a default judgement) they can get a "charging order" which would put a lien on the house.

It doesn't force the sale of the house, but when it is sold, the judgement has to be paid. In the US, it would also be paid off if a house loan is refinanced. Unlike the debt itself, the judgement would likely have no expiration date, or a very long one. It's effect on your credit could be much longer as well. It could also open up the possibility of wage garnishment if you went back, even after 6 or 7 years.

Whether or not they do this is anyone's guess. The 17,000 pound bank loan is probably the one to worry about. That's a pretty big amount to write off, especially if there's real estate to go after. They likely have a legal department that could file the papers with minimal cost.

...

As for the “banana eater” – how ridiculous can you get??? If for any reason (and there are many unexpected pitfalls) you find yourself inadvertently on the receiving end of the law you will maybe have a little more sympathy for others……pride comes before a fall…this is a country where anyone can fall foul of the law, and it doesn’t take much.

"..maybe have more sympathy"? It's not like these guys were pulled off the bus and beaten or shot. They were held in a dirty jail a few days pending deporation. These are adults we're talking about. In Thailand there's a whole lot more people higher on the sympathy list than these guys.

Would that change if I were thrown in jail? Not really, as it surprisingly wouldn't be the worst thing that's ever happened to me. Things that I've brought on myself I especially don't expect any sympathy for.

I really am serious that I and my friends would have a good laugh about this. In the big picture this would hardly rate as a tragedy for us, and I'm surprised so many think it is. I wonder if these 12 are all that traumatized? Well maybe wonder if the other 11 are. I don't have any problem with people having sympathy for these guys, but don't expect me to suddenly change my opinion should I end up in similar circumstances.

...all the previous google serches still appear when my GF types in the first letter of her search in the google search engine.

...

This is the "Autocomplete" part of Maestro's first response. Deleting cookies and other files won't fix this.

Moving to Firefox is a nice solution since it's a nicer program. But you'll still need IE for those websites that don't work well on Firefox, which include a lot of Asia based websites.

Forgot, in Firefox, the equivalent is Tools/Options/Privacy and hit the "Clear" on "Saved Form Information" or even better "Clear All" at the bottom.