Can Minors Hold Shares In A Corporation?

Kulchavulcha

New member

Member since 02 October 2012

Subic Bay

Kulchavulcha

21 January 2018 13:35:46

Kulchavulcha

21 January 2018 13:35:46

Subic Bay

I have a number of properties/land in the Philippines held in my partners name with 25 year leases granted to me. We now have three young children together and I would like to transfer part ownership to them, rather than transfer each property into their names I wondered if it was possible to setup corporation with myself owning a 40% shareholding as a foreigner and the rest distributed between my partner and our three minor children?

mugtech

ViP

Member since 08 September 2012

mugtech

22 January 2018 00:30:24

4347

mugtech

22 January 2018 00:30:24

4347

You need a CPA and/or the advice of a lawyer. I would not count on getting the correct info on this forum.

Kulchavulcha

New member

Member since 02 October 2012

Subic Bay

Kulchavulcha

23 January 2018 21:35:26

Kulchavulcha

23 January 2018 21:35:26

Subic Bay

You never know until you ask, someone might have shares in their kids names here but yes I will seek professional advice Mugtech

pej1111

Serial expat

Member since 09 September 2015

Davao City, Davao

pej1111

24 January 2018 03:44:10

562

pej1111

24 January 2018 03:44:10

562

Davao City, Davao

Yep seek professional advise, it sounds like you have worked with a few lawyer here already.

Buy the way, I would like to congratulate you on the way you have managed yours/families assets here, it appears you have a gone a long way to managing risk, by establishing the structures you have.

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