QUOTE(cmk96 @ Apr 8 2020, 12:34 PM)
All companies are effected by this MCO... if your business cant last few months without business. Better cut lost.
there are reasons why some prefer to be employee.
Every company start small once a time ago. Just that they hv been in the business far longer than you... they hv better cash buffer.
If you are just a startup at desapark...less than a year... most probably your finance is in the red during MCO.... still have not BE yet.
My situation is somewhat better. 8 Airbnb apartments + 2 Chinese Takeaway building, all still on the mortgage, but inside each of the account had enough money for it to deduct for 11 to 12 months. Takeaway business tax etc and stuff cannot be escaped thou... I still have to pay for now.
Tourism Business Office block is rented, which had to be settled no matter what.
The flat I'm living with my wife is fully paid, car fully paid, and insurance are all settled for now.
But at most, I can handle for a 12 month period before I need to start getting headache. (Cortesy of a Mainland China wife, super crazy in these kinds of stuff like pay first, all lumsum, don't wear bigger hat than your head, etc lessons)