3. Who requires Family Office services?
Businesses involving one or more than one family is
known as family business and family businesses
typically requires Family Office services for wealth
management purposes.
5. Typical problems encountered by family
businesses…
Conflict of interest among family members
Lack of succession planning
Decrease in leadership drive
Flat growth to the company
Heirship
15. A Labuan Foundation is a combination of
Company and a Trust…
Foundation is like a hybrid structure of a
company and a trust
16. You get the best of both world…
A Company has the flexibility to change its structure by
passing a board resolution…
A Trust provide asset protection by segregate personal asset
and business risks...
A Labuan Foundation has both the characteristics of a
Company and Trust…
18. Labuan Foundation requires the following
key personnel…
Founder
* Founder can act either as council member or officer
Council Member
Officer
* Officer should not be related to council member
Secretary
Beneficiary
28. Succession Planning:
Key values for determination of the next leader…
Competency
(knowledge, skills, talents, experience, abilities)
29. Succession Planning:
Key values for determination of the next leader…
Strategic thinking
(Dynamic, tactical, enterprising, entrepreneurial)
30. Succession Planning:
Key values for determination of the next leader…
Relationship / Network building
(Charisma, diplomatic, team player, cooperative)
33. What if the Foundation is established
for charitable purposes?
If the Foundation solicits funds/donations
from the public….three (3) additional
personnel shall be required…
45. Cheng & Co Trust International Limited
Telephone: +603-79848988 | Fax: +603-79844402
Website: www.chengcotrust.com | e-mail: info@chengcotrust.com
Kuala Lumpur Office:
No 16-G, Jalan 2/114, Kuchai Business Centre,
Off Jalan Klang Lama, 58200 Kuala Lumpur
Labuan Office:
Lot 2(a), Level 4, Wisma Lazenda, Jalan Kemajuan,
PO Box 81840, 87000 Labuan FT
www.chengcotrust.com