jj123 Posted July 24, 2021 Share Posted July 24, 2021 Can anyone advise what checks regarding debts I should do when taking over a company to purchase a house. I have a lawyer but I want to check as they seem pretty nonchalant about the whole thing. I am in the process of checking with NCB ( National credit bureau) if any debts with business. Checked with the DBD. Checked back of house title deeds. Thanks Link to comment Share on other sites More sharing options...
Albert Zweistein Posted July 24, 2021 Share Posted July 24, 2021 Check with 2 more lawyers. Link to comment Share on other sites More sharing options...
3STTW Posted July 27, 2021 Share Posted July 27, 2021 Depends who makes up the 51% Thai ownership. Do you know them or are they lawyer appointed? You can protect yourself in a number of ways but if you don't, you're asking for trouble. Remember that the lawyer's nonchalance is predicated on the fact that you don't know what you're doing, so take a step back and make sure you know exactly what's going on. Link to comment Share on other sites More sharing options...
khunPer Posted July 27, 2021 Share Posted July 27, 2021 On 7/24/2021 at 2:52 PM, jj123 said: Can anyone advise what checks regarding debts I should do when taking over a company to purchase a house. Do you have access to updated company book keeping and contact to the accountant/auditor, which might be advisable to continue with instead of moving the book keeping to a new accountant? Link to comment Share on other sites More sharing options...
Joe Medina Posted July 30, 2021 Share Posted July 30, 2021 Well you should do a DUE DILIGENCE study by a certified Thai lawyer Link to comment Share on other sites More sharing options...
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