MEDIA: need-to-knows if you want to have a business partner

For entrepreneurs seeking to establish a new enterprise, forming a strategic partnership can facilitate accelerated growth by boosting capital and sharing ownership and management responsibilities. Yet, frequent news reports of conflicts between investors and management have raised questions about whether such partnerships represent value or a potential source of problems.

Before deciding to enter a partnership, it is essential to understand the legal requirements. So, what are the main factors to consider when agreeing to collaborate? What legal principles must be addressed in forming and maintaining strong business alliances? What legal considerations are key to successful and compliant business partnerships? How do you resolve shareholder disputes and what can you do to prevent them?

Join the discussion with IAS Advisory co-founder Mr Anuwat Ngamprasertkul in a podcast episode of the programme Home Economy, hosted by veteran news anchor, reporter and journalist Dr Wit Sittivaekin.

This podcast aired on 25th November 2025 on Thai PBS, Thailand’s public broadcasting service. Disclaimer: all content is owned by Thai PBS. Visit the Thai PBS website HERE.

Key takeaways from “SME How to Scale Expo 2025” workshop

Summary of key points from the session, “Holding Company Secrets for SMEs – Tax Savings & Business Expansion Preparation,” conducted by IAS Advisory co-founder Mr Anuwat Ngamprasertkul and firm partner Mr Supachot Prasankiattiraj at FlowAccount’s recent event, “SME How to Scale Expo 2025.”

A “one-company, all-in-one” business model may not be the best long-term solution. Establishing a holding company is a strategy modern SMEs need to know!

⚠️ Problems faced by SMEs without a holding company:
• Double taxation: when reinvesting profits, money flows through the owner (individual), resulting in higher personal income tax rates.
• Risk of portfolio seizure: if one business fails or is sued, then all assets in your name could be seized.
• Difficulty expanding: the structure doesn’t facilitate investor participation in specific projects.

Benefits of a holding company (like having a “Pi Xiu” guarding your assets):
• Tax management: dividends transferred from subsidiaries to the holding company (parent company) can be tax-exempt (subject to conditions). This ensures that there are ample funds available for immediate reinvestment.
• Asset protection: separate “assets” (e.g., land, brands) from the “operating company.” If a subsidiary is sued, then the assets held in the holding company will remain safe.
• Easy business expansion: it’s easy to spin off new businesses or form joint ventures (JVs). Investors can choose to invest only in businesses they are interested in.

💡 Key takeaways: a holding company is a shield and a tool for wealth multiplication.
1️⃣ Separate assets from risk: don’t put all your eggs in one basket. Separate risky businesses from important assets.
2️⃣ Plan taxes for further investment: leverage the corporate structure to reduce double taxation, allowing for more working capital to expand the business.
3️⃣ Prepare for the future: a good structure will attract investors and partners more easily and facilitate a smoother transition of the business to future generations.

#FlowAccount #SMEHowToScale2025

IAS Advisory & Tiantai Law Firm collaborate on Thai investment guide

IAS Advisory was delighted to collaborate with Tiantai Law Firm (Shanghai Office) recently on the production of a bilingual guide to investment opportunities in Thailand.

IAS Advisory co-founder Ms Siripen Kulworakulpitak and senior associate Ms Sukontharat Nobnom, supported by associate Ms Natpanee Pasuntaratum, all contributed to the guide alongside branch office senior partner Mr Jerry Wang of Tiantai Law Firm, one of China’s oldest and largest law firms.

The Chinese-English guide was published in Huangpu District Bureau of Justice’s “Popularization of Law Periodical” and distributed to industrial zones, office buildings, and companies in the domain of Huangpu District of Shanghai City.

Copies were also provided to audience members at a special release event attended by the Vice President of Huangpu District Government of Shanghai (see the attached image). The event was part of “Huangpu Constitution Publicity Week Citywalk,” which started on 9th December.

Topics in the guide include foreign investment restrictions under the Thai Foreign Business Act, foreign business licenses (FBLs), Thailand Board of Investment (BOI) incentives, employment law, personal data protection matters, and more. An e-version can be accessed by scanning the attached QR code with the app WeChat. 

We would like to thank Tiantai Law Firm for inviting us to collaborate on this initiative. It was an honour and a pleasure to share our perspectives on investment possibilities in Thailand. We look forward to collaborating again soon!

— Upcoming event — “SME How to Scale Expo 2025” on 19-20th Dec

Join IAS Advisory co-founder Mr Anuwat Ngamprasertkul and new firm partner Mr Supachot Prasankiattiraj at the “SME How to Scale Expo 2025,” presented by FlowAccount!

Following the success of last year’s event, this year’s expo will be taking place over two days from Friday 19th December to Saturday 20th December at Sasin School of Management.

Anuwat and Supachot will be running a workshop on Day 1 from 10:45-12:15, where they’ll be discussing strategies for holding companies that small and medium-sized enterprises (SMEs) including family businesses can use as well. They’ll also be sharing insights into how to save on taxes and prepare for business expansion.

For more information and details about how to register, visit FlowAccount’s event page HERE.

📢 Save the date! 📢 * SME How to Scale Expo 2025 * on 19-20th December at Sasin School of Management.

IAS Advisory ranked in top legal guide, Chambers & Partners

IAS Advisory has been ranked in the highly prestigious client guide Chambers’ Asia-Pacific 2026 for the strength of its capabilities in Real Estate, Dispute Resolution, and Corporate/M&A, led respectively by firm co-founders Mr Ittinant Suwanjutha, Mr Anuwat Ngamprasertkul, and Ms Siripen Kulworakulpitak.

On top of its teams’ success, Ittinant, Anuwat and Siripen have each been singled out for their own individual performances and appear in Chambers’ renowned “Ranked Lawyer” listings.

Firms and individual practitioners often take years to attain “Ranked in Chambers” status. It is considered to be one of the legal industry’s definitive marks of excellence, as law firms and lawyers who achieve it must consistently stand out as one of the best in their field.

Congratulations to all IAS Advisory staff for helping the firm receive such meaningful recognition. It’s a big compliment, as Chambers’ research process is one of the most rigorous and in-depth of any legal directory on the market.

The firm greatly looks forward to building on this success next year, as it continues its expansion with larger offices and an ever-growing team of top legal practitioners.

To view Chambers’ Asia-Pacific Guide 2026 and search its listings, click HERE.

MEDIA: protecting heirs from complications when making a will

When a loved one passes away, their estate is divided and distributed among the deceased’s heirs, typically children and grandchildren. Frequently, however, disputes arise due to the absence of a valid will or the existence of an unclear or ambiguous testament.

To prevent problems in future, it is essential to understand the legal procedures involved in drafting a will, the various types of will recognised by law, and the requirements necessary to ensure that the will is valid and enforceable.

Join the discussion with IAS Advisory co-founder Mr Anuwat Ngamprasertkul in an episode of the popular evening TV programme Home Economy, hosted by veteran news anchor, reporter and journalist Dr Wit Sittivaekin.

This episode premiered on Wednesday 19th November 2025 on Thai PBS, Thailand’s public broadcasting service. Disclaimer: all content is owned by Thai PBS. Visit the Thai PBS website HERE.

Note: this is the second episode of Home Economy’s recent two-part series on, firstly, inheritance without a will (which aired on Friday 14th November) and this episode, making a will and protecting against future complications. Watch the first episode HERE!

Anuwat joins SSAT event as expert on inheritance law & family governance

IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul was recently invited by the Social Science Association of Thailand (SSAT) to speak at a knowledge-sharing session on inheritance law and family governance under the title, “Estate Management & Life Planning for Conflict Prevention.”

The event, held on 24th November 2025, gained coverage on Nation TV, Thailand’s first 24-hour news channel, and was attended by guests from several industries, reflecting the strong interest in inheritance law, family governance, and conflict prevention.

Anuwat shared practical and applicable insights on inheritance structures, estate planning, and strategies to minimise family disputes. His contribution helped participants understand how to manage family assets more effectively and navigate legal complexities in intergenerational transitions.

Anuwat sincerely thanks SSAT for the invitation and all organisers and attendees for their participation and engagement throughout the day. IAS Advisory backs SSAT’s commitment to supporting public education and thought leadership in legal fields that meaningfully impact Thai society.

Thank you, SSAT!

Visit SSAT’s website HERE. Find out more about Nation TV’s coverage of this event HERE.

Co-founding partners on 2025 “A-List of Top Lawyers in Thailand”

IAS Advisory co-founding partners Mr Ittinant Suwanjutha, Mr Anuwat Ngamprasertkul, and Ms Siripen Kulworakulpitak have all been included on Asia Business Law Journal (ABLJ)’s latest “A-List of Top Lawyers in Thailand.”

ABLJ is a well-known publication in Asia that aims to clarify the legal and regulatory environment in key jurisdictions. Its A-List is based on extensive independent research and impartial feedback.

To identify the top lawyers in Thailand, ABLJ turned to in-house counsel in Thailand and other countries around the world, to partners at international law firms, and to professionals at a wide range of Thai and global corporations. Nominations were also supported by insights from neutral secondary sources. As such, the A-List represents the combined observations and perspectives of those who are best placed to assess the performance of lawyers in Thailand.

Sincere thanks to ABLJ—it’s an honour to be on the A-List. That our work is recognised consistently year-on-year as being on a par with the country’s best lawyers demonstrates the skills and capabilities IAS Advisory has at its disposal.

Read the full A-List HERE.

ABLJ’s annual analysis also incorporates an editorial report and jurisdiction round-up for Thailand, which showcases the country’s leading practitioners and draws attention to their activities and impact over the last 12 months. Read it HERE.

— Upcoming event — “TED Grant Prep Program” on 28-Nov

Look out for IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul, who will be sharing insights on how strategic IP leverage can drive real business growth, at “TED Market Scaling Up – Grant Prep Program (Batch 8)” on Friday 28th November 2025.

Thailand’s Technology & Innovation-based Enterprise Development Fund (TED Fund) is a government initiative that aims to support technology and innovation entrepreneurs by providing funding and resources to help them develop and scale their businesses. It plays a key role in enhancing the country’s startup ecosystem and fostering economic growth through innovation. Visit the TED Fund website HERE.

📢 Save the date! 📢 * TED Market Scaling Up – Grant Prep Program * event on Friday 28th November 2025 @ Le Meridien Bangkok Hotel (Atelier 01 Meeting Room, 5th Floor).