Bucket Company

WHAT IS A BUCKET COMPANY

A Bucket Company is a useful tool for those who wish to legitimately minimise tax.

A Bucket Company is taxed at a flat rate of 30% on all profits.

This type of structure is beneficial in the process of Managing Wealth Creation when used in conjunction with a trust structure where profits are "streamed" to whatever beneficiaries
you choose for best tax effect, which includes the "bucket company".

A "Bucket Company" is essentially the same as Proprietary Limited Company and comprises following three elements.

1. a director - who is the person responsible for running the bucket company
2. the company itself - which is governed by a constitution
3. shareholders - those who own the company

By way of background, a bucket company is a separate legal entity that has its own existence, its own common laws and its own tax laws. Providing that all annual reporting and tax obligations are fulfilled, a bucket company can live forever.

Chapter 11 - Free DVD

Please review Chapter 3 from our DVD titled Managing Wealth Creation which outlines the basic concepts of a company structure, then review Chapter 11 which demonstrates a practical application for a Bucket Company in the process of Managing Wealth Creation.