Singapore Expats Forum

Investor/Share Holder For A Pte Ltd Company

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
indromeo99
Newbie
Newbie
Posts: 5
Joined: Mon, 05 Jun 2006
Location: singapore
Contact:

Investor/Share Holder For A Pte Ltd Company

Postby indromeo99 » Wed, 17 Jun 2009 9:20 pm

Hi Everyone,

im in business for last 3 years.Currently runing a cafe with an average monthly turn over of 40k. Unfortunately we have closed down couple of outlets last year, im in some kind of debts (appro 150k). So im thinking of getting a new investor/share holder for the exsisting outlet. At present this outlet is shared by two companies (myself & another company). im very confused about issuing shares and approaching investors.I found this forum very helpful and thought of asking you guys for an advice. Please kindly advice me some suggestions.

thanks for reading my worries...have a great day
-be my own boss-

wcs
Chatter
Chatter
Posts: 177
Joined: Tue, 26 May 2009
Location: Singapore

Postby wcs » Thu, 18 Jun 2009 4:57 am

It sounds like your situation is complicated. Get a good accountant who understands business and share issues. Have them help you!

You don't say if the debts are personal or company related. I would get the financial statements in order. Separate out the needs of the business from those of yourself. If you have a good business an unscrupulous investor might use the big debt to greatly lower the valuation of your company so he can buy in on the cheap. If you are in a fix, then you may end up accepting it.

It is best to get advice, have the financial statements, do any changes you need to where the debt is being held so you get a good valuation for your business. Then bring in an investor.

Best of Luck!


  • Similar Topics
    Replies
    Views
    Last post

Return to “Business in Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest