The great hero of the Silk Road, starting from a farm farmer

Chapter 208 What should I do if I default on my debt?
"Grandpa, go to Wuying and talk to my second grandfather. He will be the chairman of Tianshun Gongxing for the time being. See if he has any objections. If he has no objections, come to Taoyang as soon as possible to have an interview with me. Also, let's go to Wuying Anyone who wants to participate in business can do so. The shareholding of Tianshun Public Bank is very thin, so you don’t need to invest too much to get a share." After deciding to establish Tianshun Foreign Trade and Industrial Bank, Song Yingkui thought for a while and felt that he should find a way to invest in it. It would be more appropriate for my second grandfather to come over and be the chairman of this company.

"Why do you let your second grandfather do this job? I think this is a kind of chairman, so it's appropriate for me to do it. Your second grandfather can make do with small business, but he can't do big business. Besides, Tianshun number, Tianshun number, is used It's my name, so I should be in charge." When Song Tianshun heard that his grandson was going to hand over the responsibility of Tian Shun to his second brother, he was immediately unhappy. He felt that this appointment was inappropriate and he should do the job himself.

Seeing how confused his grandfather was, Song Yingkui didn't know what to say.After organizing the words for a long time, he said: "The main reason for letting the second grandfather come forward to do this is to avoid suspicion to a certain extent. The public bank wants to absorb the equity capital of other businessmen, and the city lord's palace cannot be too involved. Let the second grandfather come forward to do this. Grandpa's appointment as the chairman is just a temporary measure. After the public bank is running normally, someone else will have to be replaced. After the public bank is running smoothly, grandpa, you will represent our city government as a director on the board of directors. This will It’s just appropriate.”

director?Why does it sound so good without the title of chairman?However, after hearing that the position held by his second brother was only a temporary job, Song Tianshun was not very interested. After all, we are also the grandfather of the lord of Yungu City. It would be a shame to tell people that we would not be able to do a long-term job.

After taking over the task of delivering the message, Song Tian took the opportunity to ride to the fifth camp that day.By the time we arrived at the fifth camp, it was already dark.

Entering the front of Tian Chenghao, second grandfather Song Tiancheng was already welcoming him in the hall. "Third brother, what's the big deal when you come to Camp [-] at night?"

"Kuiwa is going to set up a business that specializes in doing business outside. I think it's more comfortable for me to be the chairman of the board who is in charge of it. I hurried over here just to ask what you mean and see if you can put it down in the shop." I can't live like this." Seeing his second brother, Song Tian started to sell the goods by the way, and took the idea of ​​inviting his second brother to be the chairman of Tianshun Hao on his head.

When the second grandfather heard that Song Yingkui was finally calling him to do some work, he quickly said: "What is Kuiwa going to do? What else can I say! No matter how big the work in my shop is, it won't be as big as the shop." It’s all done once the door is closed. But what on earth is this chairman going to do?”

"I can't tell you exactly what you want to do. Kui Wa will explain it to you in detail after you arrive in Taoyang City." Song Tianshun actually didn't understand what the chairman did. It sounded like he was a big boss. The shopkeeper, but he doesn't seem to be. His grandson always likes to make new things.

Only after the second grandfather rushed to Taoyang City to meet his grandnephew did he understand what the chairman of the public bank did.It turns out that he is not the shopkeeper, but the person who is in charge of the shopkeeper.The day-to-day business affairs will be specially hired by shopkeepers who are good at doing business. What the chairman has to do is to check some large-scale businesses and supervise the accounts of the public bank.To put it bluntly, it means watching the shopkeeper and assistants working in the shop on behalf of the boss.

However, the chairman alone cannot represent all the owners. Representatives of the owners must be selected to form the board of directors. Decisions on some major issues must be made jointly by the board members.

After explaining the specific duties of the chairman and the board of directors, Song Yingkui said: "The second grandfather, the new shopkeepers and the clerks in the bank will be organized by Guo Kaifeng, so you don't have to worry about it. Your main concern is to first The board of directors organizes, and the City Lord's Mansion will provide a principal of 2000 yuan in silver dollars, of which 500 yuan is the equity of Laofang and 500 yuan is the equity of our house. The City Lord's Mansion will only account for 1000 yuan of equity. . I have already communicated with the Li family, and they will contribute 500 yuan of capital. As for the other shares, it depends on the claims of the merchants. An investment of 100 silver dollars can account for one share. When the public bank started, the goods handled You can place accounts on credit in the property of the City Lord's Mansion, and then clear old accounts and purchase new goods. The stock capital required is not large, and the stock capital is mainly used to buy packhorses and recruit people. The City Lord's Mansion will also arrange some purchases of goods. , there is work to do when you start, and it is not difficult to operate. The board of directors only needs to keep a good eye on the accounts and control the main transactions.

What you need to pay attention to when running a public bank is: just open a few warehouses for buying and selling bulk goods in the area managed by Yungu. There is no need to open a special shop for retail sales. The goods coming in from the bank can be resold to military supply houses, or other There are many shops.It is best not to open a shop directly in a place that is not under our control. At most, set up a Tonglian store in some reliable place.

Supply and sales mainly rely on affiliated companies and cooperative companies.Firms affiliated with ours have the priority to purchase goods from Tianshun Public Bank, and can purchase our goods on credit. If there is a need for funds, the public bank will also consider providing loans to them as appropriate.Goods purchased by public banks are also given priority to be purchased from them.

There is no need to explicitly state the affiliated companies outside the jurisdiction, and it is best to be half-hidden and half-visible.The boundary of Yungu depends on their intentions.All affiliated commercial banks must pay a collection tax of [-]% of the profits and a management tax of [-]% of the profits to the public bank every year.The accounting method must be recorded in the format specified by the public bank. The public bank conducts an annual review every year. Some large commercial banks have to dispatch accountants to supervise the accounts to ensure that the accounts are transparent and controllable.For firms that fail to pass the audit, their affiliation qualifications will be cancelled. "

As the second grandfather listened, he felt that the main job of this business is transportation and collecting affiliation fees?If we do this, business seems to be easier.Yungu produces a lot of goods that are in short supply and can be very profitable. Even if you pay [-]% of the profit, you don't have to worry about making no money.Besides, after being affiliated, you can also get credit and financial support from the public bank. As an old businessman, the second grandfather can easily understand the attraction of this.

"Kuiwa, there are a few important things I need to understand. Will the government pay taxes on the goods handled by the public bank? Also, if the affiliated companies outside the territory borrow our goods on credit, what should I do if they default on the debt? Also, If they do business with other places, do they also have to pay us profits?"

"The sales handled by the public bank must pay taxes to the government, but the city lord's government only collects the tax from the public bank. The affiliated trading bank is responsible for collecting it. Any stamps of the public bank's import and export will be collected by the administrative department. There will no longer be a separate tax on specific buyers. In the future, zero tax will mainly be imposed on transactions that are not within the public sector system. I will issue a formal announcement after detailed discussions with the Executive Office on how to implement this.

As for the matter of defaulting on the goods that were given to us on credit, the public bank must do a good job of credit evaluation and classify the affiliated companies into different levels. The credit limit should be small in the initial stage of cooperation. Gradually increase the credit limit as the number of transactions increases.For any business outside the jurisdiction that has nothing to do with us, we will charge a public management fee of [-]% profit.However, the accounts must be kept according to the bank's standards and cannot be left unchecked.If the account cannot be checked, the qualification for affiliation will be cancelled. "

(End of this chapter)