how do holding companies work?
how can you transfer money from on company to another.
would like to know how the following holding company transfer money from their network to their team. http://en.wikipedia.org/wiki/Yankee_Global_Enterpr...
- 1 decade agoFavorite Answer
There are certainly rules that the parent company has to follow, but many times, money can be transferred tax free as a loan that would gradually be paid back. The corporate veil must still be intact for both parent and subsidiary, but a C-Corporation such as Yankee Global can own shares in other companies much like you or I can own shares in other companies. Accounting rules still need to be preserved, but both companies can formally "charge" each other for services just as if they were not owned by the same company or shareholders.
- hansblix222Lv 71 decade ago
I don't know, but the Dodgers need to win a world series againSource(s): Dodger fan since 1977