FlowAccount, SME How to Scale Expo 2024iasadmin

Supachot and Piniti run training workshop at “SME How to Scale Expo 2024”

IAS Advisory was delighted to contribute to the recent “SME How to Scale Expo 2024,” presented by FlowAccount. The expo welcomed 40 mentors and hosted 50 workshops over two days and served as a platform for in-depth discussions about all aspects of business including leadership, team building, operations, legal, finance, tax, marketing, and more.

The theme of the event, which took place from 10th-11th December at Bangkok’s Central Post Office Building in Bang Rak, was “Scaling your business through upskilling.” Attendees benefitted from hearing about the real-life experiences of a range of different leaders, each an expert in their respective field.

IAS Advisory Senior Associate Mr Supachot Prasankiattiraj and Associate Mr Piniti Chomsavas ran a workshop on the legal aspects of “Succession planning and professional management of the family business.” Topics included preparation and planning for a successful family business, roles and responsibilities of family members, managing and resolving conflicts in family business, and effective management of family assets.

Thank you to the organisers of the “SME How to Scale Expo 2024” for your efforts and support, and for creating such a vibrant platform for training, learning and development. We look forward to getting involved again next year!

AFBE, Anuwat Ngamprasertkuliasadmin

Reminder about upcoming AFBE “Family Business Transition Series”

A reminder about the upcoming “Family Business Transition Series” of six training workshops in Bangkok, which is being organised by the Association of Family Business Entrepreneurs (AFBE).

The workshops will take place in September and October and cover the family charter, family wealth management, family holding companies/restructuring, accounting and tax, M&A for stability, and wills. IAS Advisory co-founder Mr Anuwat Ngamprasertkul will be leading the series’ closing educational seminar on wills.

The training workshops will take place at hotel venues in the Sukhumvit area of Bangkok and run from 09:00-16:00. Registration starts at 08:00.

More information about the AFBE, including membership options and registration for events, is available on its website HERE.

Register now for all six training workshops to receive special AFBE privileges! Those interested in attending can register directly using the AFBE’s Google Forms service HERE.

Anuwat Ngamprasertkul, National TViasadmin

MEDIA: how to avoid conflict in family-owned businesses

Running a successful family business requires understanding each family member’s needs and concerns; also, collaborating constructively in terms of legal compliance, business possibilities, and family conflict management.

So, how do you work through tensions and keep relationships intact for the long term? How do you resolve family-related conflict and work as a team to ensure fairness and preserve wealth for inheritance? How can you safeguard your estate to avoid family disputes?

Join the discussion with IAS Advisory co-founding partner 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 Monday 10th June 2024 on Thai PBS, Thailand’s public broadcasting service. Disclaimer: all content is owned by Thai PBS. Visit the Thai PBS website here: https://www.thaipbs.or.th/home

Anuwat Ngamprasertkul, Family Businessiasadmin

Anuwat lectures on course organised by Udon Thani Provincial Industrial Council

IAS Advisory co-founder Mr Anuwat Ngamprasertkul was recently invited to give a lecture on “Family, Business and the Law” on a course organised by Udon Thani Provincial Industrial Council in northeast Thailand.

The course, Young Industrialists Udon Thani Province, Class 3 (Young FTI Udon Thani #3), is running over a period of several weeks from 18th May to 3rd August, and is aimed at budding entrepreneurs and business owners, heirs and those gaining experience in business administration.

Anuwat’s lecture, on Saturday 8th June, focused on laws and regulations governing family and business and on relevant precedent cases; also, on the causes of family conflict, preventing problems, and taking action to resolve related legal issues.

Anuwat’s session was preceded in the morning by a lecture on “Creating sustainable cooperation between the public and private sectors” by Mr Natthaphong Khamwongpin, Deputy Governor of Udon Thani Province, and was followed by a lecture on “Business management planning strategies to mitigate taxation” by Ms Wannipa Phiphobsayasit, Director of the Economic & Investment Center, Region 3 (Khon Kaen).

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Anuwat Ngamprasertkul, National TViasadmin

Anuwat makes further appearances on national TV in Thailand

Stay tuned for more appearances by IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul on Thai national television later this month.

Anuwat recently filmed episodes of the popular news and current affairs programme Home Economy, hosted by veteran news anchor, reporter and journalist Dr Wit Sittivaekin.

Anuwat appears in his role as a senior legal consultant to discuss topics including:

“Adverse possession,” a legal doctrine under which a person in possession of someone else’s land is able to acquire valid title to it. Anuwat covers the do’s and don’ts for landlords for avoiding and dealing with this issue;

“Freelancing,” with Anuwat identifying the legal implications of freelance work and how to stay protected under the law; and

“Family business management,” with Anuwat offering guidance on how to protect one’s business and estate for the next generation and also avoid family disputes.

All episodes will be broadcast on Thai PBS, Thailand’s public broadcasting service.

Watch this space!

Anuwat Ngamprasertkul, British Club Bangkok, Estate Planning, Family Businessiasadmin

Anuwat lectures at British Club Bangkok for “Elite Wealth Group”

IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul was delighted to be asked to give a special lecture at the “Family Business Succession & Vino Voyage for Elite Partnerships” event at The British Club Bangkok (BC).

The sharing session, which took place on Wednesday 28th February, was organised by the Elite Wealth Group of Fivewhale, Thailand’s executive education academy headed up by Mr Suphachai Sukhanindr and Ms Pichanya Kanchanaporn.

Anuwat’s lecture was on “Succession Planning: Legal Frameworks for Seamless Family Business Transitions.” Topics covered included how to organise the family business holding structure, how to determine the stakeholders and give fairness incentives in the family business, and cases involving disputes and what we can learn from them.

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AFBE, Anuwat Ngamprasertkul, Estate Planning, Family Businessiasadmin

Anuwat joins family conflict & inheritance management seminar at AFBE

The Association of Family Business Entrepreneurs (AFBE) held a private seminar on “inheritance management and reducing family conflict” last month, which IAS Advisory co-founder Mr Anuwat Ngamprasertkul attended as a guest speaker.

The seminar covered a range of topics including the root causes of disputes in families, normal proceedings for estate allocation after death including the most common contentious issues, and the smart way to avoid disagreements and sustain the family business.

The event, which took place on 29th January, welcomed guests including family leaders, heirs, entrepreneurs, and estate managers.

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AFBE, Anuwat Ngamprasertkuliasadmin

Anuwat discusses wealth sustainability & family business strategy at AFBE

The Association of Family Business Entrepreneurs (AFBE) held a recent whole-day seminar event about wealth sustainability and multi-generational business strategies for families in Thailand. Speakers at the event, which took place on Thursday 24th August, discussed the range of tools and structures available for passing businesses down from generation to generation, such as family holding companies.

My session focussed on family business organisation management from a legal perspective, as well as existing guidelines with respect to the following: the ‘connection’ of business organisations and family organisations; managing ownership of property as a joint owner in the family; conflict in family business; fair selection and selection of ‘people’; management when a competitive business is opened and the use of business secrets for personal gain; internal fraud management and spending money beyond your authority; and ownership pass-through from generation to generation.

Attendees at the event learnt how to identify short-term risks and long-term opportunities and how to achieve future business prosperity for themselves and their families.

Events such as this are just one way that the AFBE provides information and advice to its members and to family business operators. Engagement between speakers and participants is always encouraged as is sharing knowledge and personal experience.

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AFBE, Anuwat Ngamprasertkuliasadmin

Anuwat at AFBE to discuss how to resolve conflicts in family businesses

The Association of Family Business Entrepreneurs (AFBE) invited IAS Advisory co-founding partner Mr Anuwat Ngamprasertkul to appear as a speaker for the session, “Managing and preventing conflicts in family businesses before they escalate.”

A variety of topics were shared and discussed in closed group sessions at the event tailored according to each participant’s needs, including family business organisations, holding companies, business succession plans and methodologies, as well as fraud prevention mechanisms.

The event, which was held for the benefit of both members and non-members of the AFBE, took place on 22nd June 2023.

For more information about the AFBE, visit: https://afbefamilybusiness.com/

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