Tarrant legals corporate lawyers help individuals and companies daily with Company Setup. From start to finish, everything you may need. If you are a foreigner and you want to start a business in Thailand then be warned that you will only be able to hold 49% of your company and the other 51% must be held by a Thai National.
As a company grows so does it revenue and expenditure. At a certain point it becomes very difficult to maintain by yourself. Hiring an accountant to do your Accountanting & Tax is an absolute must, for personal and business tax.
Thai Foundations are generally formed to benefit the society or area they reside in. Donations are allowed so long as they help to acheive the goals of the foundation, the director, manager, trustee or any member may benefit financially from the foundation outside of the foundations goal. Simply put no person may profit unduly from the Thai Foundation.
Now that you understand the formation of a Business in Thailand and what comes with that, now you must get an idea of what it takes to dissolve your company. This is called Dissolution of Company and it is more common than you would think. People usually dissolve their Thai Business when it is no longer financially viable. Why keep a business and pay taxes when your business is no longer turning a profit. It is easier and more sensible to dissolve it.
Dissolving a company will mean it no longer legally exists. It can be decided by the shareholders or by a court. Our corporate lawyers are fanastic when it comes to Thai Business law and know everything there is to know. They can help in every aspect you may need. Even things you didnt think about or consider. We recommend getting in contact today to start your business journey in Thailand.