what is a ultimate holding company

What is an Ultimate Holding Company and when should I use one

An ultimate holding company, as the name suggests, is a company that has ultimate control over another company. In short, it is a company that controls another company. An ultimate holding company can have many subsidiary companies, but it can not be a subsidiary itself.

An example of this scenario might be this. Company B has shares which are all held by Company A. Company A’s shares are all held by several individuals (or shareholders even). Therefore, Company A is the ultimate holding company of company B. The ultimate holding company while it is the primary owner of its subsidiary company/ies, it does not have a say in the day to day running of the business. It can however, dismiss managers and company CEO’s if the need should arise.


3 Common Tax Myths Debunked!

It’s officially tax time and officially the worst time of year for so many Australians with many loathing completing their return. Usually, that panic is exacerbated by a lack of knowledge, planning and time constraints for many busy workers. For whatever reason, we feel that we should be able to handle our returns ourselves and…