Question: Can I Change From a Single Company to a Dual Company Structure?
Answer:You can change from a single company to a dual company structure as your business progresses, but there may be tax implications. For instance, you will have to move the business’ valuable assets (e.g. intellectual property) to your holding company, resulting in capital gains tax implications. Capital gains tax arises when you sell or dispose of an asset. This includes moving an asset from one entity to another. When an asset is disposed of, any gains or losses on the value of the asset are taxed.
