Harry & Meghan ‘found 11 companies in tax haven’ for ‘million dollar memoir’ and other deals
The couple chose to set up companies in the domestic tax haven of Delaware – rather than in California, where they live and conduct business.
Two of the companies are publishing companies, founded by attorney Richard Genow, who has worked with Meghan for many years, and the duchess’ chief business officer, currency expert Andrew Meyer, reports. Online email.
The first company – Peca Publishing LLC – was used by Meghan to hold the copyright to her children’s book The Bench.
The second company – Orinoco Publishing LLC – which is said to have been formed to hold the rights to Harry’s bombshell memoir – will be published later this year.
Other companies founded by the Sussexes include Cobblestone Lane LLC – incorporated in February 2020 and holding the Archewell logo.
Two others manage the royal Netflix and Spotify net deals – Archewell Audio LLC and Archewell Productions LLC.
Two other “entertainment” companies were formed a year later – Bridgemont LLC and Hampshire LLC.
It is thought the names of these companies could be a nod to the couple’s holiday to Hampshire during the last few weeks of Meghan’s pregnancy in spring 2019.
Meanwhile, Baobab Holdings, founded in February 2021 – is said to deal with “investments”.
Baobab, is a plant from Africa and Australia, also known as the “upside down tree”.
Another company, Nemawashi Holdings LLC, is described as the “parent company”.
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