Hi
I have been asked to set up a SPV. This is the first time that I have been asked to do this and I am unsure as to how it should be set up. The client already has another limited company.
Am I correct in saying that the correct way to set up the SPV would be to form a parent company with my client as a director\shareholder and then form another company as a PSV subsidiary?
Is it compulsory to have the parent company?
Is it correct that my client should not be director orr shareholder of the PSV?
Many thanks
I have been asked to set up a SPV. This is the first time that I have been asked to do this and I am unsure as to how it should be set up. The client already has another limited company.
Am I correct in saying that the correct way to set up the SPV would be to form a parent company with my client as a director\shareholder and then form another company as a PSV subsidiary?
Is it compulsory to have the parent company?
Is it correct that my client should not be director orr shareholder of the PSV?
Many thanks