Galong

3 minutes ago, NoDisplayName said:

Why not sell it?

 

Let the lawyers handle it, you just sign a few papers.

That's what we originally wanted to do. We wanted to sell it to the staff, particularly to the lead guide. However, our accountant said that just taking my wife's name off of all of the papers doesn't remove her from liability if he (the guide) screws something up.  That doesn't sound reasonable, but I wouldn't be surprised if she's not right. 

I wonder if we can at least sell him the websites (we have two) and he can form his own company? 🤔  I'm sure he wouldn't be legally allowed to call it the same name though.

It seems like closing a company is more challenging than opening one. 

6 minutes ago, timendres said:

If you are a registered company, there is also a process involving the royal gazette (IIRC), where the closure must be posted and a waiting period endured, allowing shareholders time to react. Think about a large company with many shareholders. Those shareholders need notification and time to react to the announcement. Not very applicable to a small company with two shareholders, but the same rules apply regardless. You also need to notify the DBD to unregister the company, and there is a process there. Be sure to close any bank accounts you have before you unregister at the DBD, or you will find it nearly impossible to close those bank accounts after.

 

I timed my closing with the end of the fiscal year. I paid for usual audit, and, I think, another 22,000 THB for the accountant to handle everything mentioned above. That is in Bangkok.

We're small with 3 shareholders... all Thai family members. I'm not a shareholder. We are VAT registered. We had a couple of big years and the gov told us we had to register for VAT. 

Thanks for letting me know about closing the bank before unregistering! 

3 minutes ago, Etaoin Shrdlu said:

I think your accountant is correct and the cost seems reasonable. I believe there is a bit of paperwork and a waiting period before the company can be legally wound up and formally closed. I also think that the books must be available for inspection for a period of time even after the company is closed. The accountant should be available during this time to explain the books if the Revenue Department comes for an audit, so the fee should also include this service. 

I'm expecting everything you mentioned. I don't think the Rev Dept would waste much time on us as we're a 'peanuts' size company... small fish 😉

It'll be time for a huge sigh once it's done and dusted. It's also not easy letting go of something we built from nothing.  Oh well, everything ends at some point. 

14 minutes ago, OneMoreFarang said:

I was told by an accountant that it takes time.

I think the main part was that "you" have to wait for possible invoices which the company has to pay.

Even if you know there are no invoices open, that doesn't mean the authorities know that.

 

Yeah, that's what I expect. We're a small and uncomplicated company, so there's not much to wait for... historically-speaking, they'll see that we're low volume. 

After 25 years the Mrs. and I are ready to close our small tour company. I'm almost 70 and I'm burnt out dealing with it all. I've read that it can be tedious and time-consuming to close a company. We have no debt and all shareholders are on board. Does anyone here have any experience in closing a company? My accountant said it'll be between 20k and 25k baht for her to do it and it could take a couple of months. 

Any insight on what to do and not to do in preparation for closing a company would be greatly appreciated. 

On 8/17/2024 at 7:22 AM, Cryingdick said:

Kamala is the least popular VP, so he is in good company.

Americans aren't overly intelligent. Do you actually expect them to look into what she's done while in office?  Serving the country isn't supposed to be a popularity contest. 

13 hours ago, stupidfarang said:

will be interesting to see what happens to the baht, up or down or stay the same? To be honest I am amazed how strong the baht is when you read about the economy in general.

Yes, it's absurdly strong for no logical reason. The unstable political scene alone should make it tumble. I can't see anyone with any sense investing big money in Thailand, not with the unstable government and not with the muddy tax scheme. I hope the baht tumbles back to where it belongs soon, hopefully before my next US Soc Sec payment. 🤔😉

9 hours ago, lordgrinz said:

Riding a bicycle on the roads here in Thailand, was he trying to commit suicide?

How is this suicidal compared to motorcyclists? Bicycles tend to stay tight left and tend to be more aware. They're going slower. Motorbikes have more accidents.

I cycle daily. I would always wear a helmet and I've got a huge mirror that I check constantly. I've had one accident. That was being hit from behind on a quiet road by a motorbike. The guy admitted he was looking at his phone. That could have happened if I was on a motorbike.

4 hours ago, luckymitchell said:

You mean the wok activists, yeah they went, and that's why there is now a conservative POV allowed 

Who has musk stopped from speaking?. Don't post the same 8 point list as Will has twice.

"Wok activists"? A lot of really good food comes out of a wok. But seriously, who has the 'wok activists' stopped from speaking?  Give the victim game a rest. The conservative POV has NEVER been stifled. Fox and all of the newer far-right organizations are not being told what to say unless what they say is illegal. Let me guess, anyone should be allowed to say anything and thus slander laws are constitutionally unfair. Blatantly lying about election laws should allowed under constitutional law, right?

On 8/18/2024 at 10:06 PM, luckymitchell said:

Brainwashed .com. you despise the guy that wants to give free speech ... shows your deranged level of total nonsense posted...

"Give free speech", seriously?? FYI, free speech is not being curtailed. That's just another dog whistle to fire up the simple-mined.

He fired staff and laughed about it with King Donny. Musk only cares about Musk, not free speech or the average citizen. 

On 8/17/2024 at 9:59 AM, maesariang said:

CNN asked her for an interview she declined. Musk asked her for an interview she declined. I think she is in the wrong job. If she does not like talking to people computer programming would be better for her.

She's out talking to the actual citizens of the country. I don't know why this is seen as a negative.  Oh, wait, all the GOP has is negativity. The entire campaign up to this point has been slams, insults, and threats.  Let's hear some policy, please. Start by listing the things in Project 2025 is in any way NOT a direct threat to the Constitution.

Vance, along with many other Republicans, cosplays to be like Walz. Vance is flips and flops in whichever way benefits him. He's a complete fake, which makes him the perfect VP candidate for the serial fabricator.

Trump gets caught off guard if the teleprompter has a big word on it... or when his KFC bucket lid is on too tight. 

I went to a restaurant and ordered Nam Tok Moo.  The waitress didn't seem to have the slightest idea what I was saying. I tried it a few times in different tones... no luck. I asked her for her notepad and pen (she understood that somehow, probably because I pointed at them).  I wrote it down in Thai. She still didn't understand. The boss finally came over and basically said, "she's new, she doesn't speak Thai".   I have no idea what Nam Tok Moo is in Burmese.