FlowAccount, SME How to Scale Expoiasadmin

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

FlowAccount, SME How to Scale Expoiasadmin

— 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.

News Bulletin, Tamonwan Phansaiyiasadmin

Announcement | Tamonwan promoted to Senior Associate

We are delighted to announce the promotion of key team member Ms Tamonwan Phansaiy to the position of Senior Associate.

In practice for nine years, Tamonwan works out of our litigation, dispute resolution & arbitration practice, where she now takes on additional leadership responsibilities.

Tamonwan joined shortly after IAS Advisory’s inception and has been central to it establishing itself as one of Thailand’s most recognised firms.

She has advised and represented domestic and international clients across a wide range of matters. Her expertise spans corporate and commercial disputes, civil and criminal litigation, domestic and international arbitration, administrative law, and family law.

Tamonwan is highly adept at alternative dispute resolution, especially arbitration, mediation, and corporate litigation. She provides crucial assistance in court-led mediation sessions and is an expert at negotiating settlement agreements and securing full payment of outstanding debts.

She continues to be an important resource for contract management at the firm as well, advising on bankruptcy and business reorganisation, consumer protection, international trade disputes, employment protection legislation, and intellectual property.

Please join us in offering our sincere congratulations to Tamonwan for her success and this fully-deserved promotion.

Congratulations, Tamonwan, from the whole IAS Advisory team! We’re excited to see what you’ll accomplish in your new role as your career maintains its upward trajectory and you continue to achieve exceptional results for us and our clients. 👏👏👏

FlowAccount, SME How to Scale Expoiasadmin

Supachot & Piniti run 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!

Association of Family Business Entrepreneurs (AFBE)iasadmin

Reminder re: 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.

Udon Thani Provincial Industrial Counciliasadmin

Anuwat teaches 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!

British Club Bangkok, Fivewhaleiasadmin

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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Association of Family Business Entrepreneurs (AFBE)iasadmin

Anuwat joins family conflict & inheritance mgmt 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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