On Sunday, Xu Yiyang suppressed his ecstasy and completed a day of classes.
Because he was going to Guangcheng tomorrow to take away 40% of Tengxun's shares from Mr. Ma, Xu Yiyang decided to change his approach in the future.
He no longer plans to continue teaching, and plans to step back behind the scenes and focus on the expansion of Jiayang Education.
The education and training industry is an extremely high-quality cash cow, and you can't give up on anything.
What's more, successfully investing in Tencent is not the beginning of peace of mind.
On the contrary, it is the beginning of working harder to make money.
His current investment in Tengxun is like an ordinary person raising a newly hatched baby dinosaur.
This dinosaur is still very small, and you can feed it with just a little bit of food leaking between your fingers.
But this little dinosaur will soon start to grow rapidly. Today, he will eat a bite, tomorrow he will eat a bowl, and the day after tomorrow he will eat a pot. From then on, he may eat his own year's rations in one meal.
Therefore, you must seize the time to make money, otherwise, once this guy grows up, he will not be able to support it at all.
What should I do if I can’t afford it? You have to choose to dilute your shares.
Under the premise of knowing how far Tengxun will develop, diluting the shares in advance is equivalent to cutting the flesh alive.
Therefore, he must give up the platform and work hard to expand.
A good entrepreneur can start as a technician first, but he must transition to a manager later on, otherwise the project will never take off.
Just like Yu Minhong, when he founded New Oriental, he was the teacher himself.
But when New Oriental was developing rapidly, he had already stepped down from the podium and sat in the office, so he could make New Oriental bigger step by step.
It just so happens that the English speaking training class at the end of June is about to end.
So he decided that starting from July 1, he would no longer participate in actual teaching.
From now on, I will only participate in the formulation of courseware, and the rest of my energy will be devoted to management.
In fact, now, the halo that I had when I appeared on TV has weakened a lot.
Moreover, the outstanding performance of the two foreign teachers has long become the core driving force for Jiayang Education to attract parents.
If I take a back seat at this time, it will not have any impact on teaching and enrollment.
However, if you don’t teach yourself, you need a teacher to take over.
In addition, July 1st is the summer vacation, and the summer school courses can be arranged very intensively, so the two foreign teachers Billy and Anna alone are not enough, and more foreign teachers are needed to join.
So Xu Yiyang hoped that Billy could help him find more reliable foreign teachers among the international students.
At the same time, he also hopes that Billy can take on the role of a leader and become the leader of the English teaching team of Jiayang Education in the future, specifically responsible for managing the foreign teacher team.
And Xu Yiyang would not treat him badly and promised him directly that he would give him 10% of the salary of all foreign teachers in his group as a commission in the future.
If you want a horse to run, you must feed it.
As soon as Billy heard this, he immediately promised to return to Quancheng tomorrow to communicate with his foreign classmates and recruit as many people as possible.
…
Finally waiting for Monday!
Xu Yishan got up early in the morning and prepared to take the high school entrance examination.
The high school entrance examination is from Monday to Wednesday, three days in total.
Xu Yiyang got up earlier. He planned to take a taxi to Quancheng Airport and then fly to Guangcheng to meet Mr. Ma.
So, before he went out, he said to his sister with some guilt: "Shanshan, I went out to do some errands and may not be back until Wednesday. I won't be able to catch up with your high school entrance examination. You must take the test well. If you do well, I will take you out to play later!"
"Really?!" Xu Yishan asked excitedly: "Where are you going, brother? Can you go to Quancheng?"
Xu Yiyang smiled and said: "As long as it's within the country, you can go anywhere you want!"
Xu Yishan happily walked around in circles for several times and said to Xu Yiyang: "Brother, you must not go back on your word!"
Xu Yiyang smiled and said: "Don't worry, I will never regret it."
Xu's mother smiled and said: "Yangyang, I will accompany Shanshan during the exam these days. I won't go to the Children's Palace for now. If anything happens, just let Ai Xue arrange for Wenjuan and Ningning directly."
"Okay mom."
Afterwards, Xu Yiyang said goodbye to his family and drove to the airport.
The moment the plane took off, Xu Yiyang was so excited that he secretly sighed: "Mr. Ma, here I come!"
When the plane landed at noon, the first thing Xu Yiyang did when he left the airport was to find a reliable financial lawyer.
Otherwise, if there are any terms, traps, or unclearly explained bugs in the contract, it may cause trouble in the future.
After the plane landed in Guangcheng, Xu Yiyang immediately went to the busiest city center.
He didn't know which law firm in Guangcheng was the most powerful, but he used the simplest method: go to the best and most expensive office building and find the largest law firm among them.
Generally speaking, law firms that can meet these conditions must have considerable strength, and at least they should be the best in the local area.
Moreover, law firms that can work in the best and most expensive office buildings generally serve large companies. They are best at business disputes and corporate financial activities, including mergers and acquisitions, investment and financing.
Xu Yiyang inquired about the top office building in Guangcheng and found that there were three law firms here.
He wrote down the house numbers of the three law firms and went to the doors one by one to look at them.
After briefly looking at the front desk, interior decoration and approximate floor space, he chose Huabin Law Firm, the largest of the three.
When he came to the front desk, Xu Yiyang said to the girl at the front desk: "Hello, I'm looking for a lawyer who is familiar with the legal terms and contract terms of investment and financing, as well as corporate financial cooperation. I wonder if you have one here?"
"Yes sir."
Although the front desk was suspicious of why Xu Yiyang came here to find a lawyer at such a young age, he was a potential client after all, so he naturally did not dare to neglect him.
So, she immediately said: "The main business of our law firm is business disputes and investment and financing. Please wait a moment and I will ask a professional lawyer to come and receive you."
Xu Yiyang nodded and sat on the sofa next to him for a while. A man in his thirties wearing formal clothes came out and asked the front desk: "Xiao Xuan, which customer wants to consult?"
The receptionist pointed at Xu Yiyang and said, "That's the gentleman."
When the lawyer saw Xu Yiyang, his eyes were full of doubts, but he still stepped forward very politely and asked: "Sir, do you want to consult a lawyer for services?"
"That's right." Xu Yiyang nodded and said, "I have an investment project and I need a professional financial lawyer to accompany me and help me determine the terms of the contract."
The lawyer said: "Then let's go to the reception room and talk in detail."
Arriving at the reception room, the lawyer asked Xu Yiyang to sit down, and then asked someone to pour a cup of tea.
Then, he handed over his business card and said: "Hello, sir, my surname is Fang, and my name is Fang Junhui. I am the lawyer here who is mainly responsible for legal support in investment and financing. What is your name, sir?"
"My surname is Xu, Yan Wu Xu."
"Hello, Mr. Xu." Fang Junhui asked, "Could you please tell me your specific needs?"
Xu Yiyang said: "I am planning to invest in a company in the Shenzhen market. The boss of the other company and I have reached an investment intention. Now I need to meet with him and complete the entire process of signing the contract, payment, and industrial and commercial changes."
Fang Junhui nodded and asked, "Can you please introduce the specific terms of cooperation?"
Xu Yiyang said: "I invested 4.8 million yuan in the other party in exchange for 40% of the other party's shares. If this company raises financing in the future, I will have priority investment rights."
Fang Junhui was very surprised. Xu Yiyang looked like he was only about 20 years old, but he could invest 4.8 million in a company? Is this a rich second generation
However, Fang Junhui suppressed his inner surprise and asked for more details about the investment in a professional manner.
After understanding the details, he said to Xu Yiyang: "Mr. Xu, we are fully involved in contract formulation, risk avoidance and other legal services, and we charge 5,000 yuan per transaction."
Xu Yiyang couldn't help but be surprised: "It's just a day's work for one person, and five thousand yuan is not cheap."
Fang Junhui said seriously: "Mr. Xu, in fact, the main core business of our law firm is not to accept individual cases, but to provide long-term and stable legal services to regular corporate clients."
"We are headquartered in Hong Kong and have branches in Yanjing, China Shipping, Shenzhen and Guangcheng. Our service targets are all well-known large enterprises at home and abroad. Therefore, for a single case like yours, our charging standards are relatively high. .”
Xu Yiyang nodded. What he cared about was not money, but professionalism.
But looking at Fang Junhui, it seems that he does have two skills. If the cooperation is pleasant this time, he may consider long-term cooperation in the future.
Thinking of this, Xu Yiyang said: "Okay, I'll pay according to the price you said."
Seeing Xu Yiyang accepting the offer, Fang Junhui nodded and asked him: "Mr. Xu, are you planning to invest this time in your own name or in the name of a company?"
Xu Yiyang asked: "Is there a big difference between an individual and a company?"
Fang Junhui said: "Actually, I don't recommend that you invest in your personal name because there is no room for reasonable tax avoidance. However, if you invest as a company, there will be many more ways to reasonably avoid taxes in the future. Calculated overall, the cost will be saved a lot." .”
After saying that, Fang Junhui added: "This will also provide better protection for personal privacy."
Xu Yiyang nodded thoughtfully.
In fact, he had also considered the issues mentioned by Fang Junhui.
Once the investment in Tengxun is completed, he will be one of the shareholders in Tengxun's industrial and commercial information, and there is indeed no privacy protection.
However, even if I use Jiayang Education to invest, there won't be much change. If someone is looking for Jiayang Education, they can still find me.
Fortunately, Tengxun is still very small now. It is just a start-up company struggling to survive, and no one pays attention to it.
Therefore, it is okay to invest in your own name for the time being.
It is estimated that Tengxun will have to wait until at least 2001 before it really takes off in China.
Moreover, it is difficult for Internet companies to meet the requirements for listing in the mainland. Tencent will most likely go public in Hong Kong or the United States in the future. In this case, it will inevitably register offshore companies and use US dollar capital in the future.
Therefore, you can wait until the time is right, register a company in Hong Kong or an offshore legal area, and then transfer all your shares to this company to hold it. By then, you will be well protected. privacy.
As for the issue of reasonable tax avoidance, Xu Yiyang didn't consider it at all.
This is because Tengxun had not made a profit until 2002. Even if it had profits on its books, it would still use the money to continue to expand its scale, so it did not need to think about dividends at all.
Not to mention dividends, in the next two years, in order not to dilute the shares, I may have to invest tens of millions or even more in Tengxun in subsequent financings, so why talk about reasonable tax avoidance
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(End of chapter)