1. Can the powers of a company Director be reduced once a Managing Director has been employed?
i.e. restrictions to Company money, Company assets, access to Company bank accounts, selling of Company assets, signing of any/all legal paperwork.
Is there a limit to the powers that can be removed from a Director?
2. Is there any financial liability to the Shareholders (regardless of the share split)
i.e. in the case of insolvency.
3. Is it acceptable for a Thai Director to be unpaid?
4. When the Company starts making a profit, is it acceptable for the profits to remain within the company and not be paid to Shareholders?
When would shares need to be paid to Shareholders (if at all)
5. With a Company starting as Thai owned, Thai Shareholders, Thai Director and no foreigner in employment. How many staff is this company required to have?