Chapter 51 Disappointment (just found out, the chapter number is wrong)
"What?"
On this day, Li Jie learned something from Huazi that surprised him very much.
Lu Tao and Milai started fighting!
In other words, the two have turned against each other.
The cause of the incident must start with a piece of land. Mi Lai persuaded her father to buy a piece of land belonging to Yuanda Group.
That piece of land was originally the place where Lu Tao realized his dream, but Mi Lixiong had to pay a premium to buy the land.
Mi Lai not only bought the land, but also came to Lu Tao's face in person, and became very angry.
Then, Lu Tao's whole body exploded.
The two had a fierce quarrel on the spot, and finally broke up on bad terms.
After that, Milai still didn't let Lu Tao go. Whatever Lu Tao wanted to do, Milai would destroy it one by one.
In the past six months, Lu Tao and Milai have been at odds with each other!
The former lover has now become an enemy!
Half a year later, Lu Tao's money has been basically wiped out. Six months ago, Lu Tao had 20 million.
Now, Lu Tao only has less than 200,000 yuan on hand.
He lost nearly 20 million in half a year. Anyone who hears this will think that Lu Tao is a prodigal.
But Milai failed even more.
Her method of messing with Lu Tao was also very simple, costing her one thousand and injuring the enemy eight hundred. In order to destroy Lu Tao, Mi Lai spent no less than fifty million.
Fortunately, Mi Lixiong is a daughter slave. If it were Xu Zhisen, he would definitely not support his children's nonsense.
During this period, Xu Zhisen did not interfere.
But Mi Lixiong ignored Xu Zhisen. In his opinion, the most important thing is that his daughter is happy.
If the money is gone, you can make it again!
Whatever his daughter wants, Mi Lixiong will support it unconditionally.
Because Mi Lixiong's attitude was firm enough, Xu Zhisen thought twice and decided not to interfere in the nonsense between the juniors.
After all, it was Lu Tao who was at fault in this matter.
If Lu Tao hadn't cheated, Mi Lai and Lu Tao wouldn't have broken up. If it hadn't been for Lu Tao's cheating, he and Mi Lixiong might have become in-laws.
The assets of the Mi family are not much less than his. If the conflict between the two companies is really caused by the conflict between the juniors.
The consequences are definitely worth the loss.
Therefore, Xu Zhisen finally chose to sit on the sidelines.
Anyway, it's only 20 million. If Lu Tao can really learn his lesson, it will be considered as paying tuition.
Although the tuition is expensive, as long as Lu Tao can grow up, it will be worth it.
However, Xu Zhisen was disappointed again.
Lu Tao's performance is very poor!
He is indecisive, his stance is not firm enough, he likes to swing around, he is very impulsive, and he likes to act emotionally.
And these are all taboos in business.
After calculation, Lu Tao has been with him for a year, but Lu Tao seems to have learned nothing.
One year after graduation, Lu Tao is still a child who has not grown up.
Xu Zhisen is very disappointed!
Disappointment after disappointment made his tolerance become lower and lower.
Perhaps, Lu Tao is not a qualified heir.
Although he and Lu Tao have a biological father-son relationship, Xu Zhisen obviously values his career more than his personal relationship.
He was like this twenty years ago, and he is still like this now.
The Yuanda Group was his life's work. He grew from a penniless poor boy to a billionaire. During this period, he suffered so many crimes that it is hard to explain to outsiders.
When he thought of Lu Tao taking over the Yuanda Group, with Lu Tao's current character, Xu Zhisen simply couldn't see the future of the Yuanda Group.
The company's name is Yuanda, which shows Xu Zhisen's ambition.
He wishes he could borrow another five hundred years from heaven to develop Yuanda Group into a century-old enterprise.
It's a pity that there isn't much time left for him.
Lu Tao is not a qualified successor at all. Let him take over the Yuanda Group, which is likely to be a disaster.
But if Lu Tao is not allowed to take over, who will inherit the huge family business?
Xu Zhisen has not thought of other ways. He has thought of establishing a family trust, putting Yuanda Group into the trust, and then hiring professional managers to take care of it.
Family trusts may be a bit unfamiliar to today's wealthy people in China, but for wealthy people in beautiful countries, this is not a strange thing.
A trust is an act in which the founder hands over property to a trustee and allows the trustee to manage or keep the property for the benefit of the beneficiary or for an unspecified purpose according to the founder's purpose.
Family trust is a type of trust. As the name suggests, it is one of the ways to manage family assets.
If Xu Zhisen establishes a trust, he is the founder and then signs a contract with the trustee. The trustee holds the property nominally and manages it according to the contract.
The beneficiary is Lu Tao.
The advantages of a family trust are many.
First of all, once a trust is established, in a legal sense, the assets have nothing to do with the founder. Even if the founder falls into debt or even goes bankrupt, creditors have no right to recover the assets in the trust.
(Of course, trust assets have a recovery period. If the recovery period is over, creditors will not be able to recover the property in the trust)
Secondly, trust is also a way to avoid tax. Once the trust is established, strictly speaking, the assets do not belong to Xu Zhisen, but belong to the trust company.
As the beneficiary, Lu Tao does not have to pay inheritance tax and gift tax.
Finally, trusts can also avoid property disputes, but this has nothing to do with Xu Zhisen. He only has a son like Lu Tao, not even a wife.
If he dies, there will be basically no disputes over the inheritance he leaves behind.
Although trusts have many advantages, their disadvantages are also obvious. The establishment of a trust also means the transfer of asset control.
For the self-made rich generation, losing control of their assets is no less than killing them.
Therefore, Xu Zhisen was still hesitant about whether to establish a trust.
Besides, Lu Tao's current attitude towards him is not very good.
He regarded Lu Tao as his son, but Lu Tao did not regard him as his father.
Xu Zhisen sees this very clearly and understands it very well!
For Lu Tao, he was just a backer he could rely on.
In other words, it is not impossible to say that it is an ATM machine.
Why was Lu Tao willing to join Yuanda Group before?
It's more about the money he has.
At first, Xu Zhisen could understand Lu Tao. After all, he was absent from Lu Tao's infancy and boyhood.
Apart from the biological father-son relationship, there is not much difference between the two of them and strangers.
What kind of feelings can be cultivated in just one year?
But understanding it at the beginning does not mean that Xu Zhisen can always understand it.
Disappointed again and again, his heart was slowly shaken.
Yuanda Group is his brainchild, Xu Zhisen will never allow it to be easily ruined!
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PS: I plan to write "Genius Basic Law" in the next copy. What do you think?