For the past three days, Ren Pingsheng and Jiang Qiurong stayed at the aldorf–Astoria hotel

In the suite, I didn't step out of the door, and the three meals a day were solved by Room Service.

In addition to the necessary ingestion and expulsion of the human body, the two of them were intertwined like conjoined babies from beginning to end, from bed to bed, from couch to couch, on the windowsill, on the carpet, in the bathroom, in front of the sink...... Everywhere there are traces of the love of men and women.

Everyone knows what kind of sparks can burst out of a young and energetic male body and a fully mature and energetic female body.

Even in these times full of desire, Jiang Qiurong was not idle, she fully fulfilled her obligations as a close partner, and made a detailed and professional financial analysis for Ren Pingsheng in the gap before and after each passion.

After listening to Ren Pingsheng's introduction to his assets, Jiang Qiurong unceremoniously pointed out his current problems:

First, the asset allocation is too single and the liquidity is insufficient. Ren Pingsheng except for the company Wanyou Network, the rest of the assets are invested in real estate and stocks, real estate is the most difficult asset to realize, stocks are the most volatile assets, if the stocks in hand fall sharply, Ren Pingsheng's liquidity will face a big problem.

Second, the asset-liability ratio is high and cash flow is scarce. Wanyou Network is the only company that may generate cash flow in Ren Pingsheng's life, but the games developed by the company are still in the internal testing stage and cannot provide any income, and the rest of the assets except for stocks have been mortgaged and loaned, and the debt ratio is as high as more than 50%. Without Jiang Qiurong's connection, Wanyou Network would no longer be able to borrow money from Handong Bank, let alone other financial systems.

Third, the investment method is too aggressive, with short-term loans and long-term investment. In addition to the $10 million financing of ICG Capital, Ren Pingsheng's loans are all short-term loans, with high interest rates and channel fees, and millions of dollars spent on interest every year, but the stocks invested are all long-term blue-chip stocks, which cannot obtain sufficient returns in the short term, and Ren Pingsheng cannot cope with systemic financial risks at all.

Fourth, asset management is chaotic, and eyebrows and mustaches are grasped. The assets in Ren Pingsheng's hands are very miscellaneous, including businesses, houses, stocks, and investments in other enterprises, but these investments are all mixed together, all of which are spent from Ren Pingsheng's personal account, the company's and individuals' finances are not isolated, and the company's management basically depends on Ren Pingsheng and a few close people, and it can be done now, but there will definitely be problems in the long run.

For Jiang Qiurong's analysis, Ren Pingsheng basically agreed.

In addition to the third article, Ren Pingsheng is also aware of the risks of short-term loans and long-term investment, but for a small and medium-sized enterprise in the initial stage, there is no other way to obtain funds except short-term borrowing, which is also no way.

Of course, Ren Pingsheng knows very well that the stocks in his hands are not risky, and the A-share market was safe before 2008, which is his unique secret and cannot be disclosed to Jiang Qiurong.

Based on her own analysis, combined with Ren Pingsheng's "Five-Year Plan", Jiang Qiurong put forward the following suggestions:

The first is to reallocate assets and straighten out financial relationships. Separate the personal real estate loan from the short-term loan in the name of the company, and when Wanyou Network needs to use Ren Pingsheng's funds, it must establish a loan contract and cannot be used together.

The second is to establish a number of subsidiaries according to asset classes. In addition to real estate, Ren Pingsheng's other investments are best held in the name of the company, and multiple shell companies can be established to cross-hold each other to achieve the purpose of maintaining control.

The third is to balance the ratio of stocks and bonds and appropriately hedge risks. For securities assets, it is best to maintain a 60/40 ratio of equity to debt, and if necessary, you can set up a special asset management company and hire professionals to manage your finances.

It should be said that Jiang Qiurong's suggestions are very suggestive, but Ren Pingsheng adopted one or two points according to his actual situation, and decided to start implementing them immediately after returning to China.

For the third point, Ren Pingsheng still insists on dealing with it in his own way, after all, no one knows better than him where the risk of the market is and when the risk occurs.

In this regard, he is more professional than any professional.

However, in the disposal of assets on the US side, Ren Pingsheng still adopted Jiang Qiurong's opinion.

He decided to register a company in the United States to specialize in the investment business.

Registering a company in the United States is actually not a difficult task, the main ones are:

The first is a joint-stock company (Corporation/Inc., Corp.) This is the most formal form of company, which can be financed, expanded, and listed, and shareholders bear limited liability;

The second is Limited Liability Company, LLC. Compared with a joint-stock company, a limited liability company has similar functions except that it cannot be financed and has no shares;

The third is the General Partnership (GP), which is a company formed by partners, and the partners have unlimited liability to the company.

The fourth is an individual limited partnership (LP), which is also a company composed of partners, but the partners have limited liability according to the shares.

For these types of companies, Jiang Qiurong highly recommends the limited liability company LLC, and the other three types are not recommended from the legal and tax levels, because there are risks:

1. Legal risks: individual limited partnership LP or individual unlimited partnership GP, because the basis of the partnership system is unlimited liability, and each partner will be responsible for the liability of the entire partnership. Setting up a partnership may bring great legal risks to the parent company in China. With this partnership, the Chinese parent company can be named as a defendant and be involved in unnecessary commercial lawsuits.

2. Tax risks: Individual limited partnership LP or individual unlimited partnership GP need to declare profits from the home country, and Ren Pingsheng's parent company in China has to worry about the risk of being required by the US government to be taxed globally according to US tax laws.

In addition, LLCs have the following advantages:

1. The company structure is simple, there is no need to set up a board of directors, no need to set up shareholders, directors, executives and other levels, and no need for a very formal management system;

2. The limited liability company is a pass-through tax entity, and the tax is paid wherever it is registered, without double taxation;

3. There are no age, residency and other legal identity requirements for the incorporation of a limited liability company.

To sum up, a limited liability company is the most suitable for Ren Pingsheng's needs and the easiest to operate.

He decided to set up a limited liability company in the United States, with a total capital of $8 million, with Ren Pingsheng contributing $7 million and Jiang Qiurong investing $1 million.

But in the company's registration place, Jiang Qiurong taught him another lesson.

Ren Pingsheng originally wanted to register in New York City, where Wall Street is.

But Jiang Qiurong told him that more than half of the top 500 companies in the United States are registered in Delaware.

Because the state's corporate law is very simple, it only needs to pay $175 in taxes per year, there is no requirement to actually operate in the state, there are no operating expenses, and there is no sales tax, personal property tax...... It can be described as a haven for tax avoidance.

Ren Pingsheng naturally followed Jiang Qiurong's suggestion, and he also took the initiative to ask for a name for the company.

Listening to the name given by Ren Pingsheng, Jiang Qiurong looked puzzled and asked with some puzzlement:

"What's the name, how does it sound weird. Ren Pingsheng named the company "King's Landing Capital."

LLC", the Chinese name is: King's Landing (USA) Investment Co., Ltd.".

Of course, Ren Pingsheng would not tell Jiang Qiurong that this name originated from a book he liked to read in his previous life, which was called "Song of Ice and Fire".

He smiled and said:

"I am King, America is Landing, and one day, I will reign in America. ”

Jiang Qiurong glanced at him angrily, pouted and said:

"You're thinking beautifully......"

The next words, she couldn't say anymore, because Ren Pingsheng had already pounced on them again and began to continue their unfinished journey of love.

Looking at the beauty with messy hair and chanting constantly, Ren Pingsheng confidently announced:

"King's Landing, start here. ”