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Author Topic: Worst scenario: Chinese partner runs away with the company  (Read 13180 times)

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Gay

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  I know that many foreigners would like to make some business in China and I know that often can hear/read suggestions about finding Chinese (Chinese citizens) partners. And this afternoon I met this valuable (from my point of view) opinion:

China Law Blog Says:
April 5th, 2008 at 5:48 am
Nearly everything you say on here is wrong. There is no good way to start a company with a Chinese partner without it being a joint venture. If you are going to sell to China from within China, you almost certainly do need a WFOE. It is almost always easier to have that WFOE owned by a foreign company (though it is possible to have it owned by you individually), but that foreign company certainly not need be from HK; in fact most of the time for our American clients it makes sense to form a US LLC to own the Chinese WFOE.

I can tell a million horror stories of foreigners who tried to save money by having a Chinese “partner” start their business for them in China as a domestic company owned by the Chinese partner “on behalf of the foreigner.” Worst case scenario is that the Chinese partner runs away with the company as soon as it gets profitable.

http://www.chinasuccessstories.com/2008/04/04/foreigner-start-company-china/
« Last Edit: March 12, 2012, 06:35:26 AM by SEO »

appleer

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Re: Worst scenario: Chinese partner runs away with the company
« Reply #1 on: November 22, 2012, 02:55:47 PM »
why,can you tell me the reaon ? ;D

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Re: Worst scenario: Chinese partner runs away with the company
« Reply #2 on: November 23, 2012, 01:37:28 PM »
  The reason is that some people haven't good moral/responsibility.
A fan of science, philosophy and so on. :)

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Re: Worst scenario: Chinese partner runs away with the company
« Reply #3 on: December 11, 2012, 02:07:37 AM »

So what can give them the ideal moral and responsibility? They should realize the real fact.
No escorts' links here, please!
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Re: Worst scenario: Chinese partner runs away with the company
« Reply #4 on: December 11, 2012, 12:38:51 PM »
Well, in my opinion -- the country's, family's and law's education. And welcome to this big international SEO and Non-SEO forum! But here the adult/escort links are not permitted, that's why I edited your signature. You can use it to link some family friendly websites or just don't use it, it's up to you.
 I like your nickname. If someone doesn't know what does BOOBY means -- it is a seabird (http://en.wikipedia.org/wiki/Booby)

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Re: Worst scenario: Chinese partner runs away with the company
« Reply #5 on: March 26, 2013, 03:24:14 PM »
that is great !

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Re: Worst scenario: Chinese partner runs away with the company
« Reply #6 on: March 27, 2013, 02:13:55 AM »
   What is great?!

 

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