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What is Holding Corporation

3.63K viewsTax Questions

What is a Holding Corporation, and do I need to have Holding Corporation for tax purposes?


Randy Dueck Changed status to publish December 23, 2019

Most of the time, this corporation is incorporated for tax-purposes. Another major reason to use Holding Corporation is that it may protect your assets.

For example, if you’re in a high-risk industry and you want your assets to be protected against lawsuits; establishing a Holding Corporation into your business structure is the right option through which you can protect your business assets.

Randy Dueck Changed status to publish December 23, 2019