God!! finally someone explained it, been looking for this information everywhere, so glad i came across your video. beautifully explained! Setting up a group now.
@Asaph-n9j3 жыл бұрын
I am on the verge doing this, thought about for a long while. Great video. Many thanks
@alitrading_2 жыл бұрын
get a whiteboard and pen to explain this
@DaddaRidley Жыл бұрын
Get a notepad and pen to take notes...
@user-tt2qn1cj1x2 жыл бұрын
Great useful insight, thanks Josh for posting this video.
@jamesdorman78533 жыл бұрын
Thank you, Joshua, Fantastic video on group structure..... I'm only just getting my head around this and have just booked a call with your company. Thanks again James
@FMACTV4 ай бұрын
6:00 if you no longer own the shares in the trading company and transfer them to the holding company - is tax due on the disposal of the shares in the trading company?
@martasanchezmerino2 жыл бұрын
Thank you, Joshua! Very clarifying indeed! Here's a new subscriber!
@garymoore63653 жыл бұрын
This is great information, thank you.
@JoshuaTharby3 жыл бұрын
Glad you enjoyed it
@ajiredale789 Жыл бұрын
This is absolutely perfect, I would only wish somehow to have some visual / whiteboard sort of display that helps digest this much easier.
@Alrmew3 жыл бұрын
Here from Samuel Leeds channel, and subscribed. Is there any difference between a "holding" and a "group" company or are they just 2 names for the same thing? Thanks, Alan
@arshadameenofficial2 жыл бұрын
two names for the same thing, definition remains the same
@groomroom4290 Жыл бұрын
Thank you! I appreciate your content, where have you been all my life 😂Just what I was in the process of doing your amazing thank goodness I saw you on Samuel leeds .
@ronaldomulatico Жыл бұрын
Thank you Josh! That will be my next step
@izuuubadinma7292 жыл бұрын
Thanks Josh. Which would you consider a better structure in setting up a group of company and why: using one of the existing companies as the parent company or incorporating a new one entirely?
@GabriElle-bp6wg3 жыл бұрын
Thanks Joshua, I was really glad to come accross your video. Really clear and perceptible as I have a trading company already I wasn't sure how to set up properly.
@show27803 жыл бұрын
Cheers Joshua. I've heard about a holding company. My question is can you use an LLP as a holding company?
@robhulme1479 Жыл бұрын
Great video Thanks. I still need to get me head around it but youve created a very useful video
@bennywright129 ай бұрын
I am just about to do this, my trading company is 14 years old, been doing well from day one but about 3-4 years ago it started to do really well!! I also set up a property business on the side to take advantage of an opportunity I only know about from my trading comp. I'm now moving all my shares to a holding comp. BUT... I am also looking at setting up a trust so I don't own anything at all. I was married and when I got divorced I took a big hit and I don't want that to happen again!! I also have a big pension that will be buying commercial property and renting them out tax freeeeee, there are so many benefits out there but you really need to educate yourself!!! I would love to hear you talk about Trusts and if you think they are a good idea???
@lindaorourke39363 жыл бұрын
I have heard about a holding co before and would like to have a chat to see if this would be good for me.
@johnporcella2375 Жыл бұрын
Very informative! Thanks.
@JoshuaTharby Жыл бұрын
Glad it was helpful!
@TheBlackmothShow Жыл бұрын
Good to hear a British version of this holdings structure rather than the American one KZbin throws up everytime
@JokeJoshua Жыл бұрын
😃😁😆😀
@arshadameenofficial Жыл бұрын
Hi Joshua, what SIC code do i use for a holding Company please?
@OliveHonor3 күн бұрын
Hi, did you ever find out?
@jamesshuttleworth6909 Жыл бұрын
Question: If you already have a trading company set up with the individual as the main/majority shareholder, couldn't the trading company become a holding company which would avoid the rigmarole of getting HMRC and the costs?
@CraigAAns8 ай бұрын
OK this is great content, I'm wondering how the Trust, Holding Company and Ltd company structure works in the UK. Also, as a UK citizen, can we utilise some offshore facilities to help maintain assets ownership privacy, and to stop some of our assets from appearing in the public search. I'm not bothered about governments knowing that I own these assets, but I really don't want everyday people to be able to search public records like the UK companies house, or Google to get an understanding ow what I own, and where etc. For example, having a UK trust that owns a USA LLC in Wyoming or Delaware for example. I'm new to this, but I want to get it right - cheers.
@dgr8a111 ай бұрын
Thanks Joshua for this amazing content. I have 2 questions: 1. Is it possible to set up a holding company as well as one of the subsidiaries here in the UK and have another subsidiary, based in another country, as part of the holding company? If possible, what are the tax implications? 2. Secondly, is it possible to set up 2 or more subsidiaries of a holding company from the onset with the intention of trading with just one now and the others in the future? Will I need to file taxes on the LLCs that are not trading? Thanks again for your content
@Asaph-n9j3 жыл бұрын
Joshua which bank would you recommend for opening a holding company account or group structure bank accounts?
@DP-bo4yw2 жыл бұрын
Excellent and very informative video. May need help from you in setting this up.
@palmgolfip2 жыл бұрын
What sic code would use for a Holding CO please?
@philippefrancoisnew2 жыл бұрын
The Holding company does not seel or provide services but companies underneath do.
@philippefrancoisnew2 жыл бұрын
The holding corporation revenues are the dividents from companies the holding corporation owns.
@HiiJacked2 жыл бұрын
@@philippefrancoisnew But you still have to provide a SIC code right?
@crissymatty2 ай бұрын
Back when Joshua was doing his vids from his sauna in the uk. 😁
@regencylets3 жыл бұрын
wow! life changing advice!!
@ravsingh1576 Жыл бұрын
Hi Joshua, could you do an update of this video with diagrams? That would be really helpful. Thanks
@hiccup363 ай бұрын
Do I need an account and lawyer to move assets over?
@freespiritkaro34143 жыл бұрын
Brilliant job, I’ve been wanting to understand this for a while. Thanks very much !🙏 Would You set up a holding co now, with a sole purpose of keeping all the profits from trade in 1 or 2 separate ltd cos in the lower tax bracket ? (if You knew there was a chance of going over it) To THEN, hopefully reinvest it into a rental property - another ltd co to add as part of this holding co. Does that strategy make sense at all ?
@arthurgimba1310 Жыл бұрын
Thanks Joshua. Can I follow you on your social Media?
@mogheesa4303 жыл бұрын
Great content Josh. I wanted to know what if you sell your UK holding company shares to a foreign holding company which you personally own which has little to no tax implications.
@JOHNYr379 ай бұрын
Thank you Joshua. Very interesting. I live in Portugal but have a UK Company. Is there anything to prevent me using a Maltese company as a Holding Company I could then pay 5% corporation tax as the two countries have a tax agreement? What do you think? Thanks John
@joshscott3271 Жыл бұрын
Good info bud.
@sephanyahublake7042 жыл бұрын
I'm ready to set up a group structure. I've briefly discussed it with my accountant. I would like to have a consultation with you if possible.
@JoshuaTharby2 жыл бұрын
That's great! Book in via the website.
@jeremyl9515 Жыл бұрын
If it's not worth it in the beginning, just have a regular trading company and when you know it's going to be worth it create the holding company and sell your trading company to the holding company, so you no longer holds any share from it. How's this logic, for folks that yet ready to pay all the extra accounting fee Mr. Tharby ?
@martindebrig15402 жыл бұрын
how much does it cost to move an existing ltd company into a group structure
@kryptoniteee Жыл бұрын
Do an updated video
@hoganashton3 жыл бұрын
in terms of family matters such as inheritance, divorce, etc is a holding company a substitute or complimentary to a discretionary trust?
@vinceking7878 Жыл бұрын
Well explained video! Can the Holding Company be a sole trader? I'm new to all this.
@Afrifa7 Жыл бұрын
Please let me know if you got an answer to this question
@vinceking7878 Жыл бұрын
@@Afrifa7 I might go to the accountants in the next few weeks. I’ll ask some questions. I’ll get back to you about with some awnsers.
@Afrifa7 Жыл бұрын
@@vinceking7878 thank you
@leo_s-z8g2 жыл бұрын
Great video, thank you for the information. Would it be possible to setup a structure like this and hold them all dormant for a number of years? I.e a holdings and 2 subsidiaries all as dormant companies until ready to start trading/operating? Cheers
@JoshuaTharby2 жыл бұрын
Yes, absolutely
@dawidone Жыл бұрын
Josh, is it possible to open a dormant holding company that holds an active trading company and save money on accountancy fees for holding company?
@tgs_tv2 жыл бұрын
Hi I've set up my company a few days ago could do with your help
@maxndongwe56523 жыл бұрын
Do you need to add all the companies you may require into the business or can you add them later as you require and form them
@JoshuaTharby3 жыл бұрын
You can add them later, however there may be tax consequences depending on the specific circumstances.
@DaTestKa Жыл бұрын
Do you need HMRC clearance for share for Share exchange when Inserting holding company to trading company with sole director and shareholder?
@JoshuaTharby Жыл бұрын
Yes you do
@ryanbelcher83942 жыл бұрын
Hi josh, I already have a holding company set up and several other companies set up. Can I change the share holding from myself in soon to be subsidiaries to my holding company now or do I have to do it on my confirmation statement. How would I go about changing this would I need to seek your services or can I do this myself ?
@andrewreid30512 жыл бұрын
I’m setting up a PT business, photography studio, Mountain leader company (small to begin with) and will also work freelance for a paragliding company. Is it worth to set up a Ltd company under one name and have the other businesses through it as a holding company. Thanks.
@talespeed2 ай бұрын
Is this information still relevant in Oct 2024?
@christopherwheatley7845 Жыл бұрын
Nice one
@visionexperts6 ай бұрын
Wouldn’t the holding company need to pay the company tax on the dividend money they get from subsidiary companies?
@madocflynn9307 Жыл бұрын
Hi Josh, thanks for the video. Do you need to make any changes to the articles of association in either the holding or subsidiary company for this to work?
@adamwright5452 Жыл бұрын
Did you ever find an answer for this? I’m looking to find out the same!!
@Afrifa7 Жыл бұрын
Please did you ever find the answer to this question, I also want to know please. I have been trying to use formation agents to create the company for me but they all say they use the model articles and I cant change it unless I do it myself. I want to change the articles to sole ownership
@madocflynn9307 Жыл бұрын
Hi, no I never found out in the end. Just went with the model articles and thought I can always amend them at a later date if required
@Afrifa7 Жыл бұрын
@madocflynn9307 oh okay then you probably went with another director. I want to be the sole director so need to change mine a little
@smoothie10002 жыл бұрын
Is it advisable to create the group structure now, even if I don't intend to start the subsidiary businesses for another 12 to 24 months?
@JoshuaTharby2 жыл бұрын
I would suggest waiting until the companies are ready to trade
@wilsonkusosa27273 жыл бұрын
Is it still easy to set up, if you already have a company?
@JoshuaTharby3 жыл бұрын
Yes it’s possible to set this up with existing companies
@blessos2 жыл бұрын
Hi, I've been trying to find out how one would go about setting up a company with the primary purpose of investing in stocks and property, but I've been unable to get any clear information. What practical steps are necessary to take to get the ball rolling? Cheers.
@Afrifa7 Жыл бұрын
Hi, have you had an answer for your question yet? I also want to setup a holding company where the subsidiaries will be investing in both real estate, investing in forex trading etc. Please let me know
@blessos Жыл бұрын
@@Afrifa7 Unfortunately not. V complicated. Mostly the stocks side, lots of legislation around it.
@Afrifa7 Жыл бұрын
@@blessos I thought as much. Been on the phone with the fca and much but they just want me to read hundreds of pages and decide for myself
@ahmaddeeni3 жыл бұрын
Amazing!
@HeraclesWeb36 ай бұрын
Mate I would love to connect with you directly if possible 🙏🏻 I am just about to start my first company and this is all new to me
@kevinleesmith Жыл бұрын
Surely it's better to setup a cayman islands company. Then ur other companies, pay license fees to it (that just so happen to equal the gross profit) which means no profit and no corptax from ur other companies. Then the cayman island company (whichbalso pays no tax) gives/loans rhat money back to the other companies.....
@Founder_TV Жыл бұрын
Good point, is this a better method ?
@MrJeffHead2 жыл бұрын
Can you move money from trading company to investment company before paying corporation tax or after paying corporation? Example being if you were about to make £100,000 profit in trading company could you transfer it to investment company to buy a property thus making no profit and paying no corporation tax?
@DP-bo4yw2 жыл бұрын
I was wondering the same thing. Do you have an answer ?
@MrJeffHead2 жыл бұрын
@@DP-bo4yw I believe you can transfer profits after corp tax not before. Get your accountant of your trading company to confirm.
@JokeJoshua Жыл бұрын
100k is a lot of money Fergie🙂
@juniorDaDamaja11 ай бұрын
sound??
@luminargooglenetwork.19653 жыл бұрын
There is no audio on this clip or at least that is how it is for me. Anyone else experience the same?
@aldob38938 ай бұрын
top g
@gordonrussell8161 Жыл бұрын
I will try to make contact 1:1..Thank You.
@JOHNDELGADO2024jdtrading5 ай бұрын
graphics my friend
@abdallamunir49583 жыл бұрын
Great info , the sound quality is awful though 😕, work on improving it