Also in the news...
How AI Is Fueling Creative Innovation for Startups Abroad
When most people think about starting a business overseas, their minds immediately jump to logistics: registering the company, navigating local laws, and finding office space. But one of the most exciting (and often overlooked) aspects of expanding internationally is tapping into the global pool of innovation especially in the realm of artificial intelligence (AI).
Support for UK businesses helping to rebuild Ukraine
Department for Business and Trade (DBT) initiatives to support UK businesses helping to rebuild critical infrastructure in Ukraine.
Now is the time to generate growth together with India
£400m of trade and investment wins from UK-India Economic and Financial Dialogue set to boost the British economy.
Government cuts price of everyday items and summer essentials
The Government has cut prices on the imports of everyday essentials like spices and juices to boost economic growth.
UK Government statement on denial of UK MP to enter Hong Kong
The UK Government has issued a response after a UK MP was refused entry to Hong Kong.
Holding Company in Canada
Holding company or holding corporation is being used to support future business development and expansion of almost every successful business.
In addition to more advanced tax planning opportunities, holding structure provides further protection to the assets of your business operations as well as other operating and future planning benefits.
The incorporation and reorganization of a holding company would usually be required when the business assets of your corporation become substantial and might become endangered by the actual business operations of the corporation. Being the same legal entity, these assets might be used to pay for the liabilities of the business operations. The situation becomes even more demanding in a case of multiple corporations all owned fully or partially by the same individual, in this case the volume of assets and corresponding liabilities will grow even faster.
A holding corporation is being introduced as an intermediary legal entity between our personal assets and the business operations. The shares of the holding company will be owned by an entrepreneur, while in its turn, the holding corporation will hold (own) the shares and the assets of the operating corporation(s). In this structure the business assets once again become protected and separated from business liabilities. Moreover, this structure will allow more advanced and sophisticated tax planning for the future growth of a business.
In order to achieve a holding structure, we need to incorporate a new company to which we will transition assets of the already existing corporations. All our shares in the existing companies will be transferred to the holding company and we will remain as the direct owners of only the shares of the holding company.
Needless to say that this kind of transaction requires a professional assistance from tax and legal professionals that will plan and strategize the transition of your business into the holding structure. We at CBES offer a complete scope of professional services to support business growth and development of our clients and will provide our professional support for business owners interested in transitioning their business operations into a holding structure.