Sep 15, 26'
I'm registering a holdings company!
- Entrepreneurship
I started the process of registering a holding company today - LiangX Ventures AB. In short, the idea is that this enables me to diversify my business beyond IT consulting because I can move cash generated from IT consulting into the parent company tax-free and reinvest it in other types of businesses. This is a massive advantage as I see it because I can take advantage of tax deferral and timing beyond merely within the IT industry. Investment projects have long been on the table between me and my friends, and this is the vehicle that is going to allow us to explore those business opportunities. The real advantage is that we can use pre-tax money. Another reason I'm starting this process now already is that the shares that I own in Grannsam are owned privately currently, and there are both legal and tax advantages to owning them through a holdings company. What baffles me a little bit is however how few people know about or take this route. Information mismatch. The benefits seem huge, an obvious step toward building wealth as I see it, once you see it. Small win for the sole entrepreneur.
Bernard