Comments on: Why You Need a Holding Company

By: cyri jones

cyri jones — Tue, 01 Apr 2008 18:35:27 +0000

Thanks for the info on holding companies. Maybe you could do a follow up posting with links to related articles / resources. I have been researching this for awhile with not much luck finding good info that applies specifically to Canada. I am in the process of setting up a holding company and three operating companies. I also want to set it up so that the operating companies own a small percentage of the holding company and the holding company owns a large percentage of the operating companies. This is where the laws get confusing… any tips or even tax expert referrals would be appreciated.

By: InvestorBlogger

InvestorBlogger — Tue, 01 Apr 2008 16:19:55 +0000

Does your holding company also need a holding company?

By: Drunk College Girls

Drunk College Girls — Wed, 26 Mar 2008 15:10:19 +0000

Hi John, it would be very interesting if you would blog about how you put your money back into your corpoaration. I love these taxation posts, I think you are the only Big-time Blogger on the net currently blogging about this!

By: John Esberg

John Esberg — Wed, 26 Mar 2008 13:13:25 +0000

Wow, this was some interesting business advice. I’m quite impressed.

By: Jovan

Jovan — Wed, 26 Mar 2008 00:39:12 +0000

good, one, and no wounder for sure, why US corporations export jobs overseas

By: estetik

estetik — Wed, 26 Mar 2008 00:21:25 +0000

This was actually quite informative. One of the things that users can do is take advantage of Yahoo’s (my.yahoo.com) portal page where they can add your feed and it will be checked regularly for updates. This is also beneficial to you, the blogger, because as individuals add you to their my.yahoo.com, yahoo will spider your blog more often and add your entries to their search database, increasing natural traffic.

By: estetik

estetik — Wed, 26 Mar 2008 00:19:45 +0000

A lawsuit could still go after your holding company with your assets by something your operating company did, as it would be pretty easy to “pierce the corporate veil” as both companies would have the same owners.

By: Terry Tay

Terry Tay — Wed, 26 Mar 2008 00:09:30 +0000

Your posts on tax are very informative. I’m not yet in your league when it comes to online earnings, but learning different tax tips along the way is very helpful.

With regards to leaving large amounts of money in the bank. It’s almost the same as sticking it in a sock and putting it under your mattress. It doesn’t do anything for you.
~Terry

By: Nick

Nick — Wed, 26 Mar 2008 00:00:32 +0000

Okay John if you keep this up you’re going to have to make a post about ways a US citizen can break free from the iron claw of Uncle Sam and set up shop in Canada.

Trust me, all of us “down here” (at least the successful one’s) are franticly looking for a way to escape.

By: Simon

Simon — Tue, 25 Mar 2008 23:02:07 +0000

Make sure the corp is paying all the fees, the domain, hosting, and server all say the company name on the accounts. Logo copyrights are all transferred over to the corporation.