Maintaining a legal entity, even when it is dormant, will use up valuable resource. Whether it is drafting of corporate approvals, preparation of financial accounts, gathering signatures, making filings, attending to the annual compliance and day-to-day obligations of your dormant legal entities can require a significant amount of management time. We explore why now may be a good time to re-visit plans for dormant entities in your group structures and some of the key benefits that a CLEAR project can bring.

How we can help We can improve your group structure and, in the process, reduce your maintenance costs and compliance risks, by assessing and rationalizing dormant or duplicative entities in a time and cost efficient way. We provide holistic advice, including corporate, tax, and employment analysis and support, and…