5 ms·

I put in 50k because that is what is needed to get a business manager visa. Right now it is sitting in the company account. I'm sure I could get some of it bac

I put in 50k because that is what is needed to get a business manager visa. Right now it is sitting in the company account. I'm sure I could get some of it back if I closed the company.

wiqo0s 8y ago
If the $50k is your paid up registered capital, you can loan out the money back to yourself as a loan to director or even another legal entity (such as a US or foreign corporation, LLC, LP, etc.). The $50k of registered capital (the investment to secure the visa) would remain on the balance sheet. Perhaps you could remain in business and assist foreigners with setting up Japanese companies.
- titanix2 8y ago
  > Perhaps you could remain in business and assist foreigners with setting up Japanese companies. Someone with an empty shell business, limited or no Japanese skill and no Japanese cofounder is precisely the last person I would ask advice to set up my company there.
RobertRoberts 8y ago
I wrote a comment further down, but I wanted to say that I've gotten a lot of advice from business owners over the years. I have many family members, and my own great grandparents all the way down my generation were all business owners, including many, many relatives. I've had multiple business coaches and personal advisors as well, and across the board, all of them would tell me that you need to have a full and complete plan before even starting out creating a business. I did it by the seat of my pants and paid dearly through some near disasters. But I never had 50k invested up front. If you had a viable plan to make this work, you just need to work your plan. If you don't, you should seriously consider pulling out as much money as you can and take this experience as a solid life lesson. Those that won't quit don't really talk like you are right now in your original posting. My sense is that you have skills, talent in other areas and were trying to get happiness through an area of life you don't excel at. I hope you figure this all out, all the best to you.

I put in 50k because that is what is needed to get a business manager visa. Right now it is sitting in the company account. I'm sure I could get some of it back if I closed the company.

wiqo0s 8y ago

If the $50k is your paid up registered capital, you can loan out the money back to yourself as a loan to director or even another legal entity (such as a US or foreign corporation, LLC, LP, etc.). The $50k of registered capital (the investment to secure the visa) would remain on the balance sheet. Perhaps you could remain in business and assist foreigners with setting up Japanese companies.

titanix2 8y ago
> Perhaps you could remain in business and assist foreigners with setting up Japanese companies. Someone with an empty shell business, limited or no Japanese skill and no Japanese cofounder is precisely the last person I would ask advice to set up my company there.

RobertRoberts 8y ago

I wrote a comment further down, but I wanted to say that I've gotten a lot of advice from business owners over the years. I have many family members, and my own great grandparents all the way down my generation were all business owners, including many, many relatives. I've had multiple business coaches and personal advisors as well, and across the board, all of them would tell me that you need to have a full and complete plan before even starting out creating a business. I did it by the seat of my pants and paid dearly through some near disasters. But I never had 50k invested up front. If you had a viable plan to make this work, you just need to work your plan. If you don't, you should seriously consider pulling out as much money as you can and take this experience as a solid life lesson. Those that won't quit don't really talk like you are right now in your original posting. My sense is that you have skills, talent in other areas and were trying to get happiness through an area of life you don't excel at. I hope you figure this all out, all the best to you.