Subsidiaries and Parent Companies

I have one question. I created a parent company and then I created two subsidiaries. Is there any way I can transfer profit from the subsidiaries to the parent company? If not, how does my parent company make money?

You can after s successful IPO. You will receive a 15% from your profit according to the shares you have in your subs.

Well, your subsidiary could buy a plane, transfer it to the holding - and then sell it. I think that’s a way to work around it. I do believe it’s legal - if not, someone please correct me?

Ok, I have money with ons subsidiary and I want to buy a plane on credit, if I transfer the plane to another subsidiary do the payments get transferred with it or would I have to pay the payments with the original company?

you can’t transfer the aircraft. only owned assets may be moved.