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In this video, we’re going to be talking about holding companies – what they are and why you may benefit from having them in your small business structure.

A holding company is a little bit different than your typical operating company. In a holding company, it’s not selling anything – they’re not taking any revenue, it doesn’t have any expenses or payroll. It’s not really a business in that sense of the word.

Instead what a holding company does is that it holds assets for tax reasons and for liability reasons.

Here are the 4 main reasons you might benefit from using a holding company;

1) Asset Protection
2) Eligibility of the Lifetime Capital Gains Exemption
3) Investment Vehicle
4) Timing of Dividend Payments

#SteveParr #ParrBusinessLaw

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