Business Tax Accountant Calgary

A dual-listed company or DLC is a corporate structure with two different registered companies and shareholders, which together run their operations. In a normal corporate takeover, a company takes the shares of another as organized by a Business Tax Accountant Calgary.

At the creation of a DLC both companies exist with their respective shareholders. They share the risks and profits in shares that are held in complex contracts. Usually, both companies are managed by a joint board and a common management. A dual-listed company is similar to a joint venture, but both companies share their possessions and not only a project.

In almost all cases the parties are registered in various countries. The dual-listed company status is usually chosen for tax reasons. Questions of national pride occasionally play a role. If both parties reach an impasse on issues surrounding takeover and therefore not accept a merger or acquisition, the enforcement of a dual-listed company construct is sometimes easier.