What is a Group Structure for Limited Companies? Holding Companies Explained and How to Set Yours Up
ฝัง
- เผยแพร่เมื่อ 18 พ.ค. 2021
- To work with me head to www.jsmpartners.co.uk
A group structure can help save you thousands in tax and ensure your assets remain protected. Find out in today's video how to set up your own group structure!
►Where to follow Me:
Instagram: / joshuatharby
Facebook: / joshuatharbytax
Facebook Property Tax Secrets: / prope. .
Website: jsmpartners.co.uk
Schedule a Discovery Call: www.jsmpartners.co.uk/join
LinkedIn: / joshuatha. .
----
Thank you for watching this video-Please Share it. I like to read comments so please leave a comment and…
► Subscribe to My Channel: / joshuatharb.. .
DISCLAIMER
Our videos are for general guidance, education and empowerment in helping you understand accounting, tax and your numbers. They in no way constitute specific advice to your specific circumstances. Me & my team would be delighted to help you with your specific queries or accounting requirements through a formal engagement.
God!! finally someone explained it, been looking for this information everywhere, so glad i came across your video. beautifully explained! Setting up a group now.
I am on the verge doing this, thought about for a long while. Great video. Many thanks
Thank you, Joshua! Very clarifying indeed! Here's a new subscriber!
get a whiteboard and pen to explain this
Get a notepad and pen to take notes...
Thanks Joshua, I was really glad to come accross your video. Really clear and perceptible as I have a trading company already I wasn't sure how to set up properly.
Thank you, Joshua, Fantastic video on group structure..... I'm only just getting my head around this and have just booked a call with your company. Thanks again James
Great useful insight, thanks Josh for posting this video.
Great video
Thanks.
I still need to get me head around it but youve created a very useful video
Thank you Josh! That will be my next step
wow! life changing advice!!
Thank you! I appreciate your content, where have you been all my life 😂Just what I was in the process of doing your amazing thank goodness I saw you on Samuel leeds .
This is great information, thank you.
Glad you enjoyed it
Great stuff!
Brilliant job, I’ve been wanting to understand this for a while. Thanks very much !🙏
Would You set up a holding co now, with a sole purpose of keeping all the profits from trade in 1 or 2 separate ltd cos in the lower tax bracket ? (if You knew there was a chance of going over it)
To THEN, hopefully reinvest it into a rental property - another ltd co to add as part of this holding co.
Does that strategy make sense at all ?
This is absolutely perfect, I would only wish somehow to have some visual / whiteboard sort of display that helps digest this much easier.
Very informative! Thanks.
Glad it was helpful!
Amazing!
Thanks Josh.
Which would you consider a better structure in setting up a group of company and why: using one of the existing companies as the parent company or incorporating a new one entirely?
Good info bud.
Excellent and very informative video. May need help from you in setting this up.
Great content Josh. I wanted to know what if you sell your UK holding company shares to a foreign holding company which you personally own which has little to no tax implications.
Nice one
Cheers Joshua. I've heard about a holding company. My question is can you use an LLP as a holding company?
Thanks Joshua for this amazing content. I have 2 questions:
1. Is it possible to set up a holding company as well as one of the subsidiaries here in the UK and have another subsidiary, based in another country, as part of the holding company? If possible, what are the tax implications?
2. Secondly, is it possible to set up 2 or more subsidiaries of a holding company from the onset with the intention of trading with just one now and the others in the future? Will I need to file taxes on the LLCs that are not trading?
Thanks again for your content
Question: If you already have a trading company set up with the individual as the main/majority shareholder, couldn't the trading company become a holding company which would avoid the rigmarole of getting HMRC and the costs?
Joshua which bank would you recommend for opening a holding company account or group structure bank accounts?
I have heard about a holding co before and would like to have a chat to see if this would be good for me.
in terms of family matters such as inheritance, divorce, etc is a holding company a substitute or complimentary to a discretionary trust?
Yes, question Josh enjoy your program. I want to know a holding company that just hold. The asset can be held in more than one place right of capital gains. I can put the money all over the world is long is it of that holding company right so I can reduce my capital gains tax benefits I know each country has a Delta regulations. How long do you have to live there and blah blah blah I have difficulty understanding Miami game plan to make sure I do it right the first time.
Hi josh,
I already have a holding company set up and several other companies set up. Can I change the share holding from myself in soon to be subsidiaries to my holding company now or do I have to do it on my confirmation statement. How would I go about changing this would I need to seek your services or can I do this myself ?
I am just about to do this, my trading company is 14 years old, been doing well from day one but about 3-4 years ago it started to do really well!! I also set up a property business on the side to take advantage of an opportunity I only know about from my trading comp. I'm now moving all my shares to a holding comp. BUT... I am also looking at setting up a trust so I don't own anything at all. I was married and when I got divorced I took a big hit and I don't want that to happen again!! I also have a big pension that will be buying commercial property and renting them out tax freeeeee, there are so many benefits out there but you really need to educate yourself!!!
I would love to hear you talk about Trusts and if you think they are a good idea???
OK this is great content, I'm wondering how the Trust, Holding Company and Ltd company structure works in the UK. Also, as a UK citizen, can we utilise some offshore facilities to help maintain assets ownership privacy, and to stop some of our assets from appearing in the public search. I'm not bothered about governments knowing that I own these assets, but I really don't want everyday people to be able to search public records like the UK companies house, or Google to get an understanding ow what I own, and where etc. For example, having a UK trust that owns a USA LLC in Wyoming or Delaware for example. I'm new to this, but I want to get it right - cheers.
Hi Joshua, could you do an update of this video with diagrams? That would be really helpful. Thanks
Hi Joshua, what SIC code do i use for a holding Company please?
Thank you Joshua. Very interesting. I live in Portugal but have a UK Company. Is there anything to prevent me using a Maltese company as a Holding Company I could then pay 5% corporation tax as the two countries have a tax agreement? What do you think? Thanks John
Here from Samuel Leeds channel, and subscribed. Is there any difference between a "holding" and a "group" company or are they just 2 names for the same thing?
Thanks,
Alan
two names for the same thing, definition remains the same
I’m setting up a PT business, photography studio, Mountain leader company (small to begin with) and will also work freelance for a paragliding company. Is it worth to set up a Ltd company under one name and have the other businesses through it as a holding company. Thanks.
If it's not worth it in the beginning, just have a regular trading company and when you know it's going to be worth it create the holding company and sell your trading company to the holding company, so you no longer holds any share from it. How's this logic, for folks that yet ready to pay all the extra accounting fee Mr. Tharby ?
Good to hear a British version of this holdings structure rather than the American one TH-cam throws up everytime
😃😁😆😀
Hi I've set up my company a few days ago could do with your help
Great video, thank you for the information. Would it be possible to setup a structure like this and hold them all dormant for a number of years? I.e a holdings and 2 subsidiaries all as dormant companies until ready to start trading/operating?
Cheers
Yes, absolutely
Josh, is it possible to open a dormant holding company that holds an active trading company and save money on accountancy fees for holding company?
how much does it cost to move an existing ltd company into a group structure
top g
Wouldn’t the holding company need to pay the company tax on the dividend money they get from subsidiary companies?
Do you need HMRC clearance for share for Share exchange when Inserting holding company to trading company with sole director and shareholder?
Yes you do
Do you need to add all the companies you may require into the business or can you add them later as you require and form them
You can add them later, however there may be tax consequences depending on the specific circumstances.
Hi Josh, thanks for the video. Do you need to make any changes to the articles of association in either the holding or subsidiary company for this to work?
Did you ever find an answer for this? I’m looking to find out the same!!
Please did you ever find the answer to this question, I also want to know please. I have been trying to use formation agents to create the company for me but they all say they use the model articles and I cant change it unless I do it myself. I want to change the articles to sole ownership
Hi, no I never found out in the end. Just went with the model articles and thought I can always amend them at a later date if required
@madocflynn9307 oh okay then you probably went with another director. I want to be the sole director so need to change mine a little
Surely it's better to setup a cayman islands company. Then ur other companies, pay license fees to it (that just so happen to equal the gross profit) which means no profit and no corptax from ur other companies. Then the cayman island company (whichbalso pays no tax) gives/loans rhat money back to the other companies.....
Good point, is this a better method ?
Mate I would love to connect with you directly if possible 🙏🏻
I am just about to start my first company and this is all new to me
Do an updated video
Thanks Joshua. Can I follow you on your social Media?
Is it advisable to create the group structure now, even if I don't intend to start the subsidiary businesses for another 12 to 24 months?
I would suggest waiting until the companies are ready to trade
Hi,
I've been trying to find out how one would go about setting up a company with the primary purpose of investing in stocks and property, but I've been unable to get any clear information. What practical steps are necessary to take to get the ball rolling?
Cheers.
Hi, have you had an answer for your question yet? I also want to setup a holding company where the subsidiaries will be investing in both real estate, investing in forex trading etc. Please let me know
@@Afrifa7 Unfortunately not. V complicated. Mostly the stocks side, lots of legislation around it.
@@blessos I thought as much. Been on the phone with the fca and much but they just want me to read hundreds of pages and decide for myself
I'm ready to set up a group structure. I've briefly discussed it with my accountant. I would like to have a consultation with you if possible.
That's great! Book in via the website.
Can you move money from trading company to investment company before paying corporation tax or after paying corporation? Example being if you were about to make £100,000 profit in trading company could you transfer it to investment company to buy a property thus making no profit and paying no corporation tax?
I was wondering the same thing. Do you have an answer ?
@@DP-bo4yw I believe you can transfer profits after corp tax not before. Get your accountant of your trading company to confirm.
100k is a lot of money Fergie🙂
Well explained video! Can the Holding Company be a sole trader? I'm new to all this.
Please let me know if you got an answer to this question
@@Afrifa7 I might go to the accountants in the next few weeks. I’ll ask some questions. I’ll get back to you about with some awnsers.
@@vinceking7878 thank you
There is no audio on this clip or at least that is how it is for me. Anyone else experience the same?
What sic code would use for a Holding CO please?
The Holding company does not seel or provide services but companies underneath do.
The holding corporation revenues are the dividents from companies the holding corporation owns.
@@philippefrancoisnew But you still have to provide a SIC code right?
Is it still easy to set up, if you already have a company?
Yes it’s possible to set this up with existing companies
sound??
I will try to make contact 1:1..Thank You.
Great info , the sound quality is awful though 😕, work on improving it