Alexandoy
VIP Contributor
This style of capitalization is common to the rich Chinese families in our country. It is in their culture to provide full support to the business endeavor not only of family members but even with relatives and friends. Maybe that kind of support is a factor in the success of many Chinese businessmen.
Anyway, the topic is a business that is capitalized by the family. When it started growing the owner (whose name is registered as the sole proprietor) would be irked when a sibling would intervene in the business. Adding insult to injury the mother would give advice on the appearance of the store while the father was always a listener. In the course of the business development the owner had to close shop and to start up a similar business with his money as the capital. No intervention anymore.
Anyway, the topic is a business that is capitalized by the family. When it started growing the owner (whose name is registered as the sole proprietor) would be irked when a sibling would intervene in the business. Adding insult to injury the mother would give advice on the appearance of the store while the father was always a listener. In the course of the business development the owner had to close shop and to start up a similar business with his money as the capital. No intervention anymore.