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Philippines/Shared business or partnership in palawan / port barton

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Question
Dear Bill and Lorna,

I have spend quite sometime in the philippines, and have been trying to get around how to make a business partnership with a resort either near bacnayan beach (north) , or in port barton... But it seems that the information in theese matters is very limited, since im not going to buy all in at start. All i can find is lots for sale etc, but nowhere is there something about shared partnership... Is there somehow you can help in theese matters ?

Ps . Have a filipino wife, so we are able to "own" our share...

Thanks in advance

Answer
Lennart forget about any type of partnership regarding any small business in the Philippines other than your wife. Registering your own Philippine Corporation is the first step which if you want we can refer you to our own accounting firm who registered our family corp "AKEA". It's about P20,000 to P25,000+ and you need 3 more names which can be spread between family members or names the accounting firm may give you as options. ThE MOST important detail is for you to get UNDATED signatures on the voting rights ( not the proper legal jargon ) of each of the 4 Filipino members of corp because they can be passed to heirs. Generally speaking in business or among investors if nobody can gain from one's untimely death then one can feel secure and prosper in the future. Mabuhay Philippines! Good Luck!

Philippines

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Bill and Lorna Collings

Expertise

Feel FREE to ask us about traveling, living, relocating, retiring and investing in the Philippines. Guests from 93 countries, the latest being a female PHD from Uganda, make our place in Manila an incredible meeting place for world travelers who exchange travel stories. We understand both the joys and the hardships of living and traveling in the Philippines.

Experience

I arrived in the Philippines in January 1980 to travel for 2 months; I stayed 4 months before reluctantly leaving. I met my Filipina wife, Lorna. an incredible stellar, "one in a million" individual in 1983 in Seoul and we moved to the Philippines in 1986 and opened our 3BR house to world travelers on a budget. After welcoming thousands of guests from 93 nations our place has grown to 38 bedrooms in 5 townhouse units, 4 of which are attached but will never lose its "Home away from Home" atmosphere. Almost everyday at The Townhouse Hotel there's a party-like social scene with vibrant, almost magical energetic conversations between our guests who have the pleasure to meet each other and share their life's many experiences.Often three groups with conversations in different languages are going on at the same time. So we've been exposed to every kind of person from all over the world and shared their experiences. Since arriving back in the Philippines Nov 2011 from traveling for 8 months my wife and I have been busy buying land, building houses and expanding our Boracay beach front resort, Casa Camilla for 16 months. Hopefully we'll be finished by the end of 2013 with a total of 50 apartments, 44 units for yearly stays and the six units in our house to be saved for short term stays.

Publications
Suite101.com, eDreams.com, expertcentral.com who asked me to apply with allexperts.com

Education/Credentials
some college 2-1/2 years - no degree - I've been traveling since I was 18, almost 30 years.

Awards and Honors
Luckily, my wife and I have been semi-retired since we were 30 years old, almost 30 years.

Past/Present Clients
3000 to 4000 world travelers and guests on a budget pass through our guest house style Townhouse Hotel / Hostel each year since 1986 so we do get a lot of feedback and share a lot of experiences with people which we can then pass on to help others with their questions and problems

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