The term “trust” in overseas materials may not correspond to a structure available in Thailand. Thai law provides a trust framework for capital-market transactions and regulates trust businesses, so check the legal basis before applying an overseas concept to a family business.
Separate Personal Assets from Company Assets
List shares, shareholder loans, real estate used by the company, trademarks, and guarantees. Check which assets belong to individuals and which belong to the legal entity.
Set Governance Rules
Review the company’s articles, shareholder agreements, signing authority, rules for family members joining the business, share-valuation methods, and options if shareholders disagree.
Review Succession Tools with Professionals
Compare wills, life insurance, share transfers under company law, and trust structures supported by law. Ask a lawyer and accountant to review tax, liability, and shareholder-rights issues before signing.
Official Sources
- Securities and Exchange Commission, Thailand: Trust for Capital Market Transactions Act
- Securities and Exchange Commission, Thailand: Trustee roles and qualifications
Related Reading
- Family businesses and succession: Family business inheritance
- Family-business shares and succession: Transferring family-business shares
- Estate administrator responsibilities: Duties of an estate administrator