Chapter 89: Registering a Company, One Shareholder Still Missing

June 13, 2004, 3:30 AM, Mingzhou First Hospital, Intern Dormitory.

After watching the opening match, Wang Chuan and Li Wei returned to the dormitory, with the debtor Xiao Rongyue following them.

Xiao Rongyue noticed an empty bed; it turned out Luo De had gone to work the Night Shift, so he naturally lay down on it. This book is first published on TTKS ->𝔱𝔱𝔨𝔰. 𝔱𝔴, providing you with an error-free chapter reading experience and no disordered chapters.

"Brother Chuan, tell me quickly, how do I pay the hundred thousand? I don't have that much money; I only have twenty-three thousand on me."

Li Wei mocked, "Young Master Xiao, twenty-three thousand, and you still bet a hundred thousand against Tang Ao? That's truly awesome."

Xiao Rongyue got up again, knelt with a thud beside Wang Chuan's bed, and said, "Brother Chuan, let me pay in installments, or can you waive my debt?"

Wang Chuan gestured for this brother-in-law from his past life to stand up.

He searched the bed and pulled out an IOU. "Xiao Rongyue, you haven't even repaid this favor IOU yet, and now you're asking me to waive a hundred thousand in debt."

Li Wei took it and read: "Regarding Wang Chuan's help on May 27, 2004, I, Xiao Rongyue, am extremely grateful and must repay Wang Chuan. I am an honest and trustworthy person."

Xiao Rongyue spoke about his trip to the Bar to inquire about Tang Corporation's overseas clients. "Brother Chuan, can you find out for me which channels Tang Corporation used to find its overseas clients? The reward is negotiable."

"I found out that Tang Corporation recently inexplicably invested some money in this Mingzhou Nanshan Blue Fire Bar. So I ran to the Bar today to inquire."

"Right now, our Mingzhou Air Conditioning Company and Tang Corporation are engaged in a price war. Tang Corporation is under severe pressure and is preparing to expand its overseas clients to alleviate the crisis."

In his past life, Wang Chuan had heard of this Xiao's HVAC Company; before 2010, it was acquired by a competitor in Mingzhou.

The personnel of these two companies both came from the Mingzhou Valve Factory; the products they produced basically overlapped, consisting of various valves used in Air Conditioning systems.

This Air Conditioning factory was a relatively small asset of Xiao's Group, and Xiao's Group had not invested too many Resources into it.

Back then, he hadn't paid much attention, only knowing that it was managed by his uncle, Qi Bin, Xiao Yuchu's uncle. After the acquisition, his uncle retired early to go home for Retirement.

Judging by the acquirer now, it should be Tang's HVAC Company.

Wang Chuan originally planned to establish a consulting company, using his past life's medical, legal, and financial knowledge to provide consulting services, but the Registered Capital required was one hundred thousand.

In the future, he would gradually develop this company into one specializing in equity investment, increasing capital or acquiring equity in Listed Companies.

However, this hundred thousand was formed through gambling; even if Xiao Rongyue didn't pay, Wang Chuan had no way to force him.

He needed to find a legal and compliant way to pocket this hundred thousand.

Wang Chuan knew that Lin Weiwei's mother did business in Hong Kong; this channel was likely Lin Weiwei's mother, Ms. Song.

So he smiled and said, "Sure. I can tell you within these few days which channels were used to find the overseas clients."

"However, even if you know, you will probably still engage in a price war with Tang Corporation to fight for overseas clients. This is a lose-lose situation; your father won't keep giving your uncle Resources forever."

Xiao Rongyue replied, "Whether we engage in a price war later is none of my concern. My task is just to tell my uncle where Tang Corporation found its overseas clients."

Wang Chuan stood up and paced a few steps. "Xiao Rongyue, treat that hundred thousand of yours as a two-year consulting fee and transfer it to my company's account. After my company receives the money, for these two years, I will answer any financial or legal questions raised by your uncle's company."

"Regarding which channels Tang Corporation used to acquire overseas clients, I will tell you for free."

"Chuanzi, when did you open a company?" Li Wei asked, looking surprised.

Wang Chuan said casually, "Tomorrow, I'll go to the Industrial and Commercial Bureau first. After getting the business license, I'll go to the Tax Bureau to register."

He remembered that in 2004, the State Tax and Local Tax bureaus were still separate, so he would have to go twice.

One State Tax registration involved taxes such as Value-Added Tax, Consumption Tax, and Corporate Income Tax. The Local Tax registration involved local taxes such as Business Tax, Individual Income Tax, and Urban Maintenance and Construction Tax.

"Ah? ~" Shock appeared on Xiao Rongyue's face.

"There's not just me in my company. There's a Law School professor from the university as a consultant, and a partner from an accounting firm is also my company's consultant. As for professionalism, you don't need to worry," Wang Chuan added.

He had already decided to ask Ning Hui for help then.

As for the accounting firm partner, he would look around tomorrow morning to find a candidate. In his past life, he knew Xue Fei, a partner at an accounting firm; the beautiful Xue was probably still a freshman.

"Brother Chuan, no problem. I'll go back right now and find my uncle!"

"No, it's late at night, shouldn't you wait until tomorrow morn..."

Before the words finished, Xiao Rongyue stood up, straightened his posture, and with a whoosh, rushed out of the dormitory.

These two Air Conditioning companies were competing so fiercely that they couldn't even wait one night?

At 8 AM, Wang Chuan got up, walked to the KFC at Tianyi Plaza, and waited for someone while eating breakfast.

He didn't have to work all day today; Pei Nanli's mother had asked Yang Guohua for leave, and they were going to Pei Nanli's house for dinner tonight.

"Brother Wang Chuan, I'm here."

Today, Xin Chanxi wore her ponytail low, dressed in a white vintage, sleeveless, slim-fit round-neck T-shirt, with a black pleated mini skirt below, leaving her snow-white long legs completely uncovered.

"Little Cat Xin, have you had breakfast?" Wang Chuan asked.

"Brother Wang Chuan, how did you know?"

"On the right corner of your mouth, you still have milk residue."

Xin Chanxi quickly reached out a finger to wipe it. "What a pity. If I hadn't failed to place the bet yesterday, my one thousand and Brother's would have turned into sixty-five thousand."

"Yes, it delayed me from registering a company today. A company requires more Registered Capital and is a bit more complicated than registering as an individual household."

In his past life, Wang Chuan was familiar with these legal regulations. A company bears limited liability; if the company has to bear compensation liability, it is capped at all its own assets, and generally, it has nothing to do with the company's Shareholders.

The debts of an individual industrial and commercial household are borne by personal assets in personal operations, with no separation.

A smile appeared on Xin Chanxi's face. "Brother, you are really starting to do business. If you lack money, I have some."

After all, her own family was also in business, and perhaps she could help Brother Wang Chuan in the future.

"By the way, regarding the fifty thousand from Guo Qiancheng, I can only repay you a bit later; I need to use it to register the company," Wang Chuan said.

"It's fine, talk about it when you have money. Brother, is fifty thousand enough? I brought my Bank Card today; I'll transfer another one hundred thousand to you."

Xin Chanxi placed a Bank Card on the dining table.

Wang Chuan knew that at that time, there were specialized funding companies that would register a company for you and then transfer the money away; there was a certain risk, legally known as Shareholders withdrawing capital after the company's establishment.

It was better to follow the rules; Miss Xin would definitely lend him the money.

"You don't need to give so much. Transfer another forty-nine thousand to me. Registering a company requires one hundred thousand. Don't worry; I'll have my first business deal soon, and I'll repay you then."

"Brother, forty-nine thousand plus fifty thousand isn't ninety-nine thousand? It's not one hundred thousand!"

Xin Chanxi's bright apricot eyes blinked.

"Oh, establishing a company requires two Shareholders. One is already here—that's me, holding 99% equity. One more is needed, holding 1%."

After Wang Chuan finished speaking, he looked into Xin Chanxi's eyes.

Xin Chanxi focused her gaze and smiled: "Then may I? I'm eighteen and an adult now."

"No problem, the Shareholders are all present. Today we must go to the Industrial and Commercial Bureau to first apply for the preliminary approval of the enterprise name."

Xin Chanxi said cautiously, "Brother, today seems to be Sunday. Is the Industrial and Commercial Bureau open?"

Wang Chuan's face darkened with a vein of frustration.