Which is better LLC or incorporated?
Both types of entities have the significant legal advantage of helping to protect assets from creditors and providing an extra layer of protection against legal liability. In general, the creation and management of an LLC are much easier and more flexible than that of a corporation.
What is the difference between an LLC and incorporated?
The main difference between an LLC and a corporation is that an llc is owned by one or more individuals, and a corporation is owned by its shareholders. No matter which entity you choose, both entities offer big benefits to your business. Incorporating a business allows you to establish credibility and professionalism.
Why you should not incorporate?
Incorporating a business provides some benefits, but the corporation definitely pays the price for these benefits in fees and legal hurdles. The main reasons not to incorporate include a sizeable initial investment, tax disadvantages, increased complexity in bookkeeping and public disclosure mandates.
Who is the chairman of Shukaku Inc.?
Shukaku Inc. is a private development company based in Phnom Penh, Cambodia. It is headed by Senator Lao Meng Khin from the Cambodian People’s Party and chairman of the Cambodian Chamber of Commerce who also directs the Pheapimex Group.
Where is Shukaku real estate company in Cambodia?
Established in 2001, Shukaku is a privately owned premium real estate developer and holding company based in Phnom Penh, Cambodia. At Shukaku, we seek to build Cambodia’s future by creating modern, sustainable and forward-thinking developments.
How much did Shukaku offer for the property?
Yim Sokhom, an army commander claims that representatives of Shukaku Inc. offered a reimbursement of US$ 4000 for his property though similar properties around Phnom Penh would sell for over US$ 40,000 Many former residents of the lake villages now live in slums surrounding the lake.
Is it illegal to fill in Shukaku Lake?
David Pred, co-founder of Bridges Across Borders claims that “The lease is illegal because the lake is state public property and cannot be leased for more than 15 years or damaged or destroyed…by filling in the lake, it will be destroyed.”
