About Companies

What is a holding company?

A holding company is a very specific type of business that usually conducts no activity other than owning (‘holding’) shares in other companies, managing other businesses and receiving dividends from its subsidiaries. Section 1159 of the Companies Act 2006 states that: A company is the “subsidiary” of another company, its “holding company”, if that other company –…

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About Companies

Contractors, freelancers and consultants – what’s the difference?

Contractors, freelancers and consultants. These terms are used frequently in the world of company formation, but what do they actually mean? It’s particularly confusing because these labels are often used interchangeably when discussing self-employment, but there are significant differences between all of them. Consultants Generally, the role of a consultant is to advise or consult.…

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