Is Corporate Simplification Appropriate?

Corporate Simplification can save you significant compliance costs.  You can eliminate annual return fees, reduce your cost of compliance and simplify the consolidation process, among other cost savings. This is usually achieved through a review of a group structure then the liquidation or deregistration of unwanted or unnecessary subsidiaries.

A liquidation of a solvent subsidiary is most commonly appropriate:

• to save ongoing costs of administering a company or group of companies;
• when it has outlived its commercial use;
• to achieve taxation benefits (for example, it may enable the distribution of certain reserves “tax free");
• when a decision is made to distribute its assets to its shareholders;
• following the death of a principal; or
• as part of a restructuring plan for a group of companies.

If you think your corporate group is overly complicated and may benefit from Corporate Simplification why not CALL US NOW  for CONFIDENTIAL FREE ADVICE.

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