STOP!! It's a balance sheet item! It's an asset.
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Posted On: 07/10/2024 1:04:13 PM
STOP!! It's a balance sheet item! It's an asset.
A foreign entity, for which its financial performance (probably $0), will not not have any impact on Snpw (shareholder only) financials.
It will become a liability when the company takes on debt (as always) and imports nothing for a year and then never hear anything about it.
Limited shareholders with little liability. It's just a way to do business overseas behind another curtain.
Make sure you find out who else is a shareholder in this entity. That is all that matters. Toot-aloo!
in my opinion
cheers
A foreign entity, for which its financial performance (probably $0), will not not have any impact on Snpw (shareholder only) financials.
It will become a liability when the company takes on debt (as always) and imports nothing for a year and then never hear anything about it.
Limited shareholders with little liability. It's just a way to do business overseas behind another curtain.
Make sure you find out who else is a shareholder in this entity. That is all that matters. Toot-aloo!
in my opinion
cheers
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