Re:WeWork Co-Founder Has Cashed Out at Least $700M Via Sales...
by toasterlovin on Friday July 19, 2019 @12:05AM
(#20476082)
That’s fine if you’re the sole owner of your company, but not so much when there are other owners who have collectively invested billions.
Re:WeWork Co-Founder Has Cashed Out at Least $700M Via Sales...
by youngtaff on Saturday July 20, 2019 @06:00AM
(#20484916)
That's generally for relatively small businesses, particularly family owned ones - often the premises are owned by the company pension scheme, which is both tax efficient and allows the wealth to be passed onto future generations
It's also not unusual for some larger companies to have their head office owned by the founder / majority shareholder in a separate company, Monsoon and Arcadia in the UK are two examples of this
It’s standard practice to buy a building personally and rent it back to your own company. It’s what accountants recommend you do.