What is a Company?
A company is a legal person separate and distinct from
the people who own it, usually with limited liability. All companies are obliged to file
certain information for public inspection and to circulate accounts to their shareholders,
though these disclosure documents are less onerous for smaller private companies.
Disclosure information varies from jurisdiction to jurisdiction.
What are the various functions of:
Director
Nominee
Director
Corporate
Secretary
Shareholders
Nominee
Shareholders
Registered
Agent
Registered
Office
Why can a separate Company be an important tax planning tool?
Tax deferral
Possibility
of moving legal ownership from a person to a company
Corporate
tax treatment is often more beneficial than personal tax treatment
Placing
assets into a lower tax jurisdiction
Placing
trading activities into a lower tax jurisdiction
How are companies used?
As tax-efficient vehicles for International trade.
As holding vehicles for property and investments.
As components of more complex structures.
