What is a holding company?

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I was just advised by a colleague that I should set up a holding company in order to manage my assets. But what exactly is a holding company? I don’t even know. For example, what does it do, and how does it all work? Apologies for my ignorance.

Answers

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A holding company is simply a limited company that is set up to own shares and assets in other companies and to manage other companies. Holding companies do not carry out any other form of business activity.

a year ago
 

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