What Signs Should Raise Red Flags About a Proposed Company Structure?

Look for indicators that the structure is risky or unnecessary for your situation. Red flags include opaque ownership or complex, hard-to-trace share arrangements, lack of clear governance documents, or reluctance to show the company’s register, board minutes, or explicit shareholder agreements. Be cautious if there is pressure to move quickly or to route land ownership through a company without independent legal advice. Watch for inconsistencies between what the contract says and what the company documents show, or missing compliance records. Ask a Thai lawyer to review the proposed structure and request written confirmations about ownership, control, transfer rights, and tax implications under the plan. If independent counsel cannot verify basic ownership or highlights opaque arrangements, consider walking away.