Small Business In Need Of Advice

[MHM]

Background - Small Thai business running for 2 years which employs 2 UK passport holders (husband & wife) who have a 49% sharehold in the company. Company capitalised at 4 Million Baht, 8 Thai employees, tax & social fund payments up to date. Currently have 1 year extentions of stay and work permits.

Problem - small company can't support the 50,000 Baht a month salary for 2 workers. Income is covering expenditure but not both salaries - the yearly auditors report made grim reading.

Solutions

Option a) get 1 year visas from outside Thailand and do visa runs and keep 1 or both work permits.

Option 1 of us resigns and becomes a dependent on the others visa and cancel 1 work permit (This would be possible as employees have been trained up over the last 2 years and 1 job has become largely supervisory)

Option c) ?

We're leaning towards option b and looking for pitfalls in this plan. Ideally 1 of us should be off the books by the end of this month. I have a list of the paperwork I need to prepare for option b, but I thought I would run it by Thai Visa before going ahead.

Thanks for any help and if anyone knows why I get a smilie instead of I'd be interested to know.