Doing Buisness

According to a 2011 survey by the Centre for Economic and Business Research, more than 30% of all small business owners in the UK are thinking about moving their business to a different location.

If you are one of these businesses, here’s a to-do list to make sure your move goes as smoothly as possible:

1. Give yourself at least a year to prepare. When you move your business, you’re not just moving furniture: You’ll be moving employees. You’re going to be affecting your accessibility to your current clients. You’re going to need new utility lines, new phone and Internet providers.

And ideally, you’re going to have to accomplish all these things without stopping operations for more than a day. In effect, you’ll be doing a feat like a bus driver loading and unloading people without ever stopping his bus.

This needs a lot of preparation, planning, human and logistic resources. This will need a lot of time. Give yourself a year to do it.

2. Give your employees and clients time to prepare. As we said before, you’re not the only one moving here. Warn your clients and employees of your plans way ahead of time. This will give your employees a chance to find a new place to rent, if necessary.

Some of your clients will not be able to go with you. If so, they will appreciate the advance warning that allows them to find somebody to replace your services. In return for your courtesy, they just might refer you to somebody to replace their business in the place you’re moving to.

Or they just might figure out a way to retain your services despite them move. They will be more inclined to do that if you warn them ahead of time.

3. Schedule the best date. You’re looking for a weekend when it’s least likely that you’ll have existing projects being disrupted. Most companies whose business is not in retail sales choose the Christmas or Easter season to make the move.

4. Prepare a budget, and then add 20%. What will you need to spend on? Well, there are removal fees, layout and installation of facilities for the new location, removal and transport of existing furniture and machinery, site de-commissioning and disposal, and backfilling of activity shortfalls, and dilapidation costs for your old office.

And then, there’s the fact that no matter how well you prepare, there will always be unexpected problems, which translate to unexpected costs. That’s what you need the extra 20% for.

5. Hire a relocation company to help you make the move. This may sound like extra cost at first, but when you consider the amount of time and effort professional services can save you, you will realize they are well worth their pay.

In choosing a provider, make sure you know what is included in your contract. Some provide only basic transportation services. Others include furniture planning and procurement, interior design, electronic installations, even . Choose according to your company’s own needs, and don’t take shortcuts, which are guaranteed to cost you more in the long run.

The following article was written in an effort to provide insight to readers about doing business in Thailand and the various corporate structures used to do so.

Those wishing to conduct business in Thailand are well advised to conduct research and due diligence into Thai business customs, practices, rules, and regulations. That being stated, there are many options with regard to corporate formation for those wishing to conduct business within the jurisdiction of the Kingdom of Thailand. As in countries such as the United States of America, in the jurisdiction of the Kingdom of Thailand individuals may conduct business as a sole proprietorship. Meanwhile, some individuals or groups may prefer to conduct business as a partnership. In the Kingdom of Thailand, partnerships are authorized in the form of both registered and unregistered partnerships which could or could not be vested with limited liability protection. Limited partnerships are sometimes utilized by two or more foreign nationals doing business in Thailand.

Many of those who ultimately decide to do business in Thailand make the decision to conduct business under the auspices of a Thai Limited Company. A limited company in the Kingdom of Thailand, much like a Limited Liability Company (LLC) in the United States, the European Union, or the United Kingdom; can have limited liability which can be a significant benefit for business operators as costs arising from possible personal legal actions can be, at least somewhat, defrayed. Bearing this in mind, under most circumstances, a foreign national wishing to conduct business in Thailand is well advised to take notice of Thai regulations regarding foreign ownership of Thai corporations (often referred to as juristic persons in Thai jurisprudence). In the vast majority of cases, a natural person of foreign extraction or a foreign juristic person may only be capable of owning 49% of a Thai company.

Even though most foreign nationals cannot own more than 49% of a Thai company, there are exceptions to this general rule. Most notable among the exceptions is the US-Thai Treaty of Amity which permits Americans to own virtually 100% of a Thai limited company provided it receives Amity Treaty certification from the Thai government for the activity which the company intends to engage in. Also of note is the Thai Board of Investment, sometimes colloquially referred to by the acronym: BOI. Foreign companies may be able to acquire BOI certification and thereby enjoy many benefits not generally accorded to foreign individuals or entities conducting business in Thailand.

Aside from limited companies, partnerships and sole proprietorships Thai law permits the operation of associations and foundations. However, both of these types of juristic persons have somewhat limited business usage as they are generally only utilized by philanthropic or non-profit organizations. Those wishing to conduct business in Thailand should also note that Thai Labour regulations stipulate that a foreigner must have a Thai work permit in order to take up employment lawfully within the jurisdiction. Failure to obtain a work permit could result in fines or even criminal sanctions.
PKV |Gartenpavillon
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