The benefits of using a holding company in addition to your operating company can be substantial. You may be able to enjoy tax savings, wealth preservation and even make the business more saleable in the future. However, there will be legal and accounting costs associated with incorporating and maintaining a holding company. These costs must be compared with the benefits, which will be unique to your situation and personal preference. Effective use of a holding company requires careful planning as it is a potentially complicated area that offers significant advantages and possibly some disadvantages.
In order to assess your specific needs and circumstances, please feel free to contact us.
