The Emerging Trend of Social Enterprises in Thailand
What is a social enterprise?
A social enterprise (SE) is a hybrid company with specified social goals as its primary objective, challenging the traditional model of charities and businesses. Profits are primarily utilized to fund social activities, and social enterprises attempt to maximize profits while maximizing benefits to society and the environment.
Core characteristics of social enterprises in Thailand
The key advantages of social enterprises
Conclusion
A social enterprise is a business that aims to give back to society in the form of an enterprise that will focus on distributing income to the production units in the social group, taking into account social responsibility, fairness, sharing, and disseminating information. Furthermore, based on our experience, because of tax exemption, operating as a social enterprise might be advantageous for a person or firm that wants to help society while also running a business at the same time.
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Fabian Doppler
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Fabian, a founding partner of FRANK Legal & Tax, is a German-trained lawyer with expertise in corporate/commercial and real estate law, and litigation, and has been living and working in Thailand since 2005.