
Advantages of Limited Partnerships
Many people choose a limited partnership. Because partners benefit the most. and liability is limited Partners are only responsible for capital investments. For example, a limited partner invests 1 million baht in business. You may lose all your money. But the partners are only responsible for other expenses that are added by law.
limited partnership It also gives business owners the freedom to conduct business in Thailand. The Thai government allows limited partnerships to do business without restrictions. And has decision-making power with new partners who will come into business as well
And it can also be done in a variety of industries. Although a license may be required depending on the scope of operations, Pongpanich Accounting can help in obtaining that right to fully run the business. if required
In addition, foreign partners can hold shares of up to 49% without a foreign business license. This makes foreigners who want to start a business in Thailand. able to cooperate with foreigners to start a business easily However, if foreign shareholders own more than 49% of the business, they will need to apply for a foreign business license, which Pongpanich Accounting can help you get your business started.
Disadvantages of Limited Partnerships
There are some downsides to consider first. For the first time, general partners have unlimited liability. for the debts and obligations of the partnership Let’s say both invest 1 million baht in business. limited partnership will be responsible only for that amount But the general partner’s liability is not limited, but may lose more money. This makes general partners more vulnerable when doing business.
Some people view business management as This is a drawback when operating a limited partnership in Thailand because the general partner has complete control over their day-to-day operations. limited partnership Cannot operate immediately without going through general partners.
In addition, partners must submit documents to form a limited partnership. Unlike general partners by having to follow the steps to terminate the partnership While many people see these as obstacles, Pongpanich Accounting can help you submit documents with ease. by the legal team who can help if you need
Legal requirements
There are certain requirements for forming a limited partnership in Thailand. A non-immigrant work or business permit is required. for business or work purposes A business license from abroad is required. If the foreign partner invests more than 49 percent in the business
The Thai government has set a capital of 2 million baht to start the business. where the partners do not have to have the same shares
Timeframe for Establishing a Limited Partnership in Thailand
It takes about a week to form a limited partnership in Thailand. When done correctly, many people choose Pongpanich Accounting to make the whole process go smoothly. to be able to start a business quickly
To start a partnership, an application for registration must be submitted directly to the registry office. and the relevant fees must be paid.
The delivery of documents is quite complicated. There must be a lot of information related to various businesses, but rest easy because Pongpanich Accounting’s legal team can do everything smoothly.
If you are ready to set up a limited partnership, contact Pongpanich Accounting immediately and you will receive a quote. then can move forward by registering your partner with us