Sammyboy RSS Feed
20-12-2015, 06:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
A couple of professors and another friend of theirs set up a company two years ago to provide tuition center services in Indonesia.
Recently, they wanted me to join their company. They offered me a directorship and 20% shareholding.
When I accepted their offer, I received a letter signed by the majority shareholder (who holds 60% stake) detailing that my stake in the company and the scope of my corporate responsibility. The format of the letter is like this:
XXX Company provides tuition services in Indonesia.
The address of the company is XXXYYY.
The shareholders are:
ABC: 60%
DEF: 10%
Me: 20%
GHI: 10%
The duties of Mr "Me" are as follows:
(a), (b), (c)
Signed,
Mr ABC
[Corporate stamp and logo - not photocopied]
[Company Incorporation address and Registration]
The letter seems quite flippant. Is it sufficient to guarantee that I really have a 20% stake in the company?
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?222015-Advice-Needed-Shareholding-in-a-Pte-Ltd-company&goto=newpost).
A couple of professors and another friend of theirs set up a company two years ago to provide tuition center services in Indonesia.
Recently, they wanted me to join their company. They offered me a directorship and 20% shareholding.
When I accepted their offer, I received a letter signed by the majority shareholder (who holds 60% stake) detailing that my stake in the company and the scope of my corporate responsibility. The format of the letter is like this:
XXX Company provides tuition services in Indonesia.
The address of the company is XXXYYY.
The shareholders are:
ABC: 60%
DEF: 10%
Me: 20%
GHI: 10%
The duties of Mr "Me" are as follows:
(a), (b), (c)
Signed,
Mr ABC
[Corporate stamp and logo - not photocopied]
[Company Incorporation address and Registration]
The letter seems quite flippant. Is it sufficient to guarantee that I really have a 20% stake in the company?
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?222015-Advice-Needed-Shareholding-in-a-Pte-Ltd-company&goto=newpost).