What Is A Holding Company?
Episode description
What is a holding company? What are the benefits of a holding company? What are the drawbacks of a holding company? Why should I have a holding company?
In this episode, Shaz walks you through all these questions and more!
KEY TAKEAWAYS
- A holding company is a type of business structure that deals specifically with business assets, investments and management.
- When a business is 100% owned by a holding company, that is when the term "Wholly Owned Subsidiary" applies, as the parent company wholly owns the subsidiary.
- There is an opportunity to save stamp duty land tax when you transfer property from one company to the other. You can claim group relief.
BEST MOMENTS
'In general a holding company is a type of business structure that has no operations'
'A trading company can be a corporation, a limited partnership, or a limited liability company'
'There are a number of significant tax benefits'
VALUABLE RESOURCES
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on: