A Foundation is generally used to protect the wishes of the Founder who can be an individual or corporate entity. The assets held by the Foundation form a separate estate from the Founder's personal assets for all legal purposes.
Generally, a Foundation is not used for trading or commercial activities in its own right, though it is common for it to have an underlying company to carry out non-habitual trading or investment activities.
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As Chairman of Greenko Group plc, I have enjoyed a four year association with IQE during which time they not only provided administration, corporate governance and company secretarial support but also the [dedicated] services of Mike Brown FCIS as a qualified and experienced Company Secretary to act on our behalf. Throughout this time, I found IQE and their staff to be very helpful, patient and professional in their dealings. As a London Stock Exchange AIM listed company we undertook several complex multi-jurisdictions corporate transactions and I am particularly appreciative of IQE’s invaluable support on these occasions. Keith Henry, Chairman, Greenko Group Plc