Should I set up a holding company?

Did you know that Johnson & Johnson Holdings owns 265 separate businesses❓

But what is a holding company and is this a right structure for your business❓

📊 In simple terms it's "a company that supervises and controls one or more other companies".A holding company deals specifically with assets and investments rather than providing goods and services.

There are many benefits to putting a group structure in place. However the top three advantages are:

✅ Tax benefits

It allows the movement of cash and other assets to different entities without tax charges.

✅ Asset protection

It is highly recommended to place your assets such as property into a holding company - if your trading company were to go into liquidation, assets would be protected.

✅ Limitation of risk

Subsidiaries are protected from problems occuring in other companies.

⛔ Important: setting up a group structure involves getting a specific clearances from HMRC.

Is a holding company the right business structure for you❓

Need some more guidance to help you make the right choice for your business❓

Get in touch today

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📩 info@ravenaccounts.co.uk

Raven Accounts

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