What are the tax benefits of a holding company? Watch Video
Allan Madan, CPA, CA
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The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CPA, CA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
Hi Allan,
Could you please tell me how to set up a holding company? same as to set up an incorporation? or any difference?
If I add my family members as shareholders in the holding company, should I hire a lawyer to prepare any legal documents and handle legal issues for each shareholder?
Thanks!
Hi Jack,
Thanks for contacting me. A holding company is not a legal term, but refers to a corporation that owns the shares of another corporation. You can incorporate a holding corporation yourself, but it’s best to hire a professional accountant to properly set it up. Whoever you hire, please ensure that the following incorporation documents are prepared:
* Certificate and articles of incorporation
* Corporate by-laws
* Minute book
* Officers, shareholders, and directors registers
* Share certificates
* Share transfer ledger
* Directors resolutions
See http://madanca.com/services/corporate-and-business-tax/incorporating/ for additional information on the incorporation services that our accounting firm offers