What is a holding company?

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  • Atari
    Registered User
    • Jul 2003
    • 56

    #1

    What is a holding company?

    What is a holding company used for?

    What about a 'shell company' ? Same thing?

    Please explain
  • Theo
    HAL 9000
    • May 2001
    • 34515

    #2
    A holding co. owns the securities of other companies. (and control them) They can operate as normal companies. Not sure if there are any special characteristics.
    Last edited by Theo; 12-19-2003, 03:54 PM.

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    • magicmike
      Confirmed User
      • Feb 2003
      • 2384

      #3
      Originally posted by Atari
      What is a holding company used for?

      What about a 'shell company' ? Same thing?

      Please explain

      Holding assets, passing thru funds. Fuck, when you need one your lawyers and accountants will explain it to you.

      You can set up companies for many things.

      Liability is a big one.

      If you hold all your eggs in one company and get sued your more fucked than if only 10% of your wealth is attacked.

      etc...

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      • tony299
        lurker
        • Aug 2002
        • 57021

        #4
        it was Janis Joplins back up band (now only the fucking old webmasters will laugh at this lol )

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        • ElvisManson
          Looking California
          • Feb 2001
          • 5476

          #5
          Talk to a good tax lawyer and accountant.

          Comment

          • Elli
            Reach for those stars!
            • Apr 2003
            • 17991

            #6
            Originally posted by tony404
            it was Janis Joplins back up band (now only the fucking old webmasters will laugh at this lol )
            Dammit you beat me to it
            email: [email protected]

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            • Paul Markham
              Too old to care
              • Jun 2001
              • 52942

              #7
              Banapro s.r.o.

              Opening a Czech company was one of the most dificult things I ever did, nightmare with the investigation and paperwork.#

              The Californian Corp. was easy to open P & E Entertainment or D & B Holdings.

              In the UK I was Astal Blue or UK Photo Agency.

              Always have a company in front of you, gives you something to sell and you don't lose your house if it goes belly up.



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