What is a holding company?
 

What is a holding company used for?

What about a 'shell company' ? Same thing?

Please explain

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.

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...

Don't ever say I didn't tell you anything.

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

Talk to a good tax lawyer and accountant.

:2 cents:

Dammit you beat me to it :)

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.