[MoeLanYong]

Originally Posted by ourworld

Then you are probably wrong,,
If creditors are involve,, means loans is involve,,
Directors of the company need to sign off as person guarantor,,
So if company goes under,,, director cannot just escape untouch,,,
Wrong mentality here,,,

If the company is big enough,, the probably shareholder and board of directors are seperated individuals,,
But then for that size it probably not gonna be a pte ltd,,,
Unless it is a family office concept,,
Do you even know what's family office concept?
Nobody owns anything! It's all transferred to a registered office via trust,,
Too Chim for you lar,,,

And pls,,, no business owner who owns multiple buildings will keep 100m cash in corporate account lar,,,
And for your info,,
You mentioned company Owner and not CEO type?

Hello,,, They cannot make decision in running the business! Or how the business should be run!
Seems like you don't understand business at all,,,
So clearly,,, they cannot just "employ" their son and pay him 80K a mth to eat shit there!
They don't have to power to make operational decision,,
Shareholdership and board of directors are completely different!

Please get your fact right,,, clearly you don't know much,,,
Don't try to pull a quick one pls,,,
It's just gonna makes you look dumb!
It's not a virtue not knowing what you are toking about,,,

Fyi,,
we own businesses,, but we don't run them,,
I know my facts,,, do you?

Hi Mrs Ow,

I read your thread sometimes.

A Pte Ltd can borrow or own properties on its own. Ask TS

There is no determination that a Pte Ltd must evolve after a certain size or that families must run it through a trust. Ask Wee Cho Yaw.

$100m is an example. Companies do keep such amounts and more. Lets just say my previous life involved banking

Cannot make decisions? When you are a shareholder and director? LoL

Here's an interesting story. One of my flings in uni was the only daughter of a SME owner. Her father hired a CEO to teach her how to run the company. She kept complaining to me how dumb he is. After she graduated, she took over. The company is now listed.

No disrespect to you. I know you got your $6m through punting in Citibank shares using your hubby's inheritance, not in building businesses. Then you bought a business or two. Now your day job is mothering your family and entertaining the masses.

Yes, I wished I knew less so that I can come here for entertainment only. Have a good day