Fairies,
Haha too bad only can plant rubber trees, if not doing a horse-riding farm will be good.
Haha too bad only can plant rubber trees, if not doing a horse-riding farm will be good.
Thanks Jasonjst for the kind offer. I know you and Fairies meant well.
There has been more than a few cases of issues arising from business ventures and sales on this website. Others have also warned about possible cheating cases before on other threads.
As such, i would seriously say unless you know anyone personally, otherwise refrain from any such business ventures.
If you must, then go and get a copy of everyones NRIC who are going to be involved and verify the background before even going forth. The person who owns the land would also need to show the deed and relevant tax documents on the land so that the ownership can be proven.
At least then if something goes wrong, we can utilize the necessary connections to take action..
There may also be an implementation of LLP in Malaysia in the later part of the year with arguably more benefits and less issues than incorporating a company. For those keen to start a company, do remember the necessary filing and secretarial stuff to do resolution, minutes to avoid the heavy penalties.
But the thought of worms makes me squirm... So while i am preparing compost now from all the dead/rotting leaves/peeled veg and fruits... i am hoping the worms dun arrive...
I am hoping to plant more pines in my precint once SETIA TROPIKA RC hands over charge to local committee.... I dun mind sponsoring them as well... Giving back to nature bro.... But then i am not alone... need approval from fellow members before can do anything... As usual many may suggest fruit trees. then how?
Ah... il tell them sure got bird problem later...must remember this point...
Not sure whether to said you are lucky or unlucky....you are not the first msian I know inheritted agri land of about 5 footbal fields. A frenz of mine also own one in East M'sia. I said make it into retirement village , then we can rent his place for months/years when we are ready . Maybe should consider renting the place for planting veg meantime , that would be low risk and send to SG . One of my colleague family is doing that. Tree tends to bear fruits slower. Veg and poultry will be faster. I remember planting seven mango trees and a durain tree when young. The durain bear fruit at year 15 years when we were shifting out. Of course you could use marcotting method , shorter but start up higher.
Anyway you need to organize a site tour first lah. How to make feasibility study without site observation ? What kind of soil also affect what to plant. Water source also need to consider. Site supervision also needed.
Actually I would very much like a rustic farmstay in Johor , not sure if any one already planning to consider that.
The idea is very feasible and really attractive, the only issue is on the division of the responsibility/liability and most importantly the trustworthiness of the individuals here as most of us don't know each other in real life. For those who know me, some commented i am the exact person online as in real life but thats just me. If its for agricultural, you would need to find out how to overcome the shortage of labour. Its very difficult to get labour here these days even if you are willing to pay more. A learned lecturer of mine (bless her soul) wanted to set up one early last year, we went as far as to find out all the stuff required for this but in the end she decided not to.
Even the owner of the land i went to told me its very difficult to find workers to maintain and to harvest. There is also the problem of finding if there are existing squatters, source of water for irrigation, condition of the land/top soil, etc. All these needs to be looked into, its less riskier if one considers something like a wellness village, etc.
Again, i would recommend having a D&B report or a back ground check on all the individuals who are joining in this venture.
Just being able to meet up to meet and discuss this in SG would already discount some characters who cannot come back to SG and act as the first level of filter.
Wuqi's suggestion is very very good. there's tons of problems to set up this sort of stuff. there will be heaps of disagreement in the end, and a lot of people might not see eye to eye anymore. If's it's for fun , yes but , a such a scale i would say it's damn difficult. workers will be a big problem.
BTW , what is Wellness Village ? this option can also be consider lor
How about old folks home ? can or not ?
Bro Wuqi , you are right ... if after started up , biz go into unforsee trouble , everybody goes disappear , directors of the company sure kena jialiat one ! Hence I guess nobody would like to be directors in our kind of biz model .
Anyway , response is weak as of now .. cant get the number . Best if biz is started only by oneself , but then will be very high capital and risk lor ! Our biz model is more of a " academic model " , fine tune it , make it work, learn from it and people involves can move on on their own lor.
If they can allow LLP and for foreigners to form LLP in MY, it will be easier and better with less problems with extrication of one from the company. Of course, during ones terms, one is still liable even after you quit for the period when you controlled or have a say in the company operations.
Bro Jasonjst, please don't get me wrong, i am very much into seeing people succeed and i have no sour grapes mentality. I just share this so that we are aware and know where to seek help. Doing business here is definitely VERY viable, just need to be mindful of the "house rules" thats all.
BTW what is LLP any different from a SDN BHD ? Is there a high cost involved in starting a LLP ?
Not to worry , best to know the hidden danger ... like you pointed out the difficulty in getting workers and even simple issue like water supply to the plot of land can be overlook . Will get you to do consultation if someday wanted to setup a biz in MY lor , what is your fees ? haha .
Hi Contra, actually i shared that dream as well, this is definitely doable but we need locals, correct foundation for the business to be laid and the right group people to take care of this as its a full time business. Especially for certain crops like pineapple where even the presence of 1 single wild boar could lay months of hard work to waste. You will definitely also need a pick up, etc.
Hi Jasonjst, best way to try this and go in without much risk is to rent a piece of land for several years instead of buying, survey it and ensure that there are existing crops similar or what you want to grow and just try it out. That way you can always get out easily later without too much headaches.