60/40 ownership

Hi Tommy and welcome to the forum.

Firstly one of our members that is familiar with corporate law and foreign participation with companies here seems to have disappeared some months ago but was all over the subject you raised.

My readings of the law as yours should be as follows.

You put 100% equity into an existing or start up company. As the 40% share holder and while perhaps COE must bow to the whims of the other shareholders,,,,,, they can easily push you out if they get their heads together.

So you invest US 1M in a company and straight away sign over 60% other members of the board that may end up hostile and take you to the cleaners, be very wary Tommy, here is fraught with danger unless you know what you are doing.

The Philippina partner owning 60% can still take you to the cleaners. Corporate law here is Filipino first, all the unwary go to the back. 

OMO.

Cheers, Steve.

@bigpearl

Thanks for your reply, im afraid that is what you said is true and i must find correct person i can trust and that is not an easy job.

    @bigpearl
Thanks for your reply, im afraid that is what you said is true and i must find correct person i can trust and that is not an easy job.
   

    -@Tommy Hung12

A person?

Sorry multiple so you have sway over the balance of power if you run the business correctly. Good luck here.

Cheer, Steve.

TommyHung12said . . .
Thanks for your reply, im afraid that is what you said is true and i must find correct person i can trust and that is not an easy job.

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TRUST YOURSELF

Win by yourself or lose by yourself.

Don't take a loss by your partners mistakes or an out and out swindle.