Smil­ing in the face of a storm

Meghan spot­ted in Cana­dian hide­away – as le­gal pa­pers re­veal loom­ing court bat­tle

Daily Mail - - Front Page - Daily Mail Re­porter

THE Duchess of Sus­sex has moved her com­pany to a US state fa­mous for pro­vid­ing se­crecy to the su­per-rich.

When she was an ac­tress, Meghan used her firm Frim Fram to run her life­style blog, The Tig, which she billed as a ‘hub for the dis­cern­ing palate’.

She shut down The Tig in 017 be­fore she be­came en­gaged to Prince Harry, but re­newed the trade­mark last Septem­ber. Palace of­fi­cials say she did it to stop oth­ers mis­us­ing the name – but she could now re­launch it.

On De­cem­ber 30, Frim Fram ceased to be reg­is­tered in Cal­i­for­nia and was ef­fec­tively re­con­sti­tuted in Delaware. The move ap­pears to in­di­cate that Meghan will soon be fo­cus­ing on earn­ing money.

It is also sig­nif­i­cant be­cause Delaware has a rep­u­ta­tion as ‘the Switzer­land of the US’ – a state that guar­an­tees lev­els of cor­po­rate se­crecy un­heard of in the rest of the coun­try.

Reg­is­ter­ing a com­pany in Delaware does not re­quire the dis­clo­sure of the own­ers’ iden­ti­ties and all fi­nan­cial in­for­ma­tion re­lat­ing to the com­pany is kept con­fi­den­tial. Alan Stachura, of US fi­nan­cial ser­vices firm Wolters Kluwer, which helps com­pa­nies in­cor­po­rate in Delaware, sug­gested that the tim­ing of the move could be sig­nif­i­cant. He told the Daily Tele­graph: ‘You would want to do it on New Year’s Eve... if you go one minute into the next year you would owe some taxes to Cal­i­for­nia for 0 0.

‘It could be a dou­ble whammy de­pend­ing on what the cost of those taxes are. Typ­i­cally the ex­pec­ta­tion would be that taxes would be higher in Cal­i­for­nia than Delaware.’

In the past, Meghan was listed as Frim Fram’s pres­i­dent while her busi­ness man­ager An­drew Meyer and lawyer Rick Genow also held nom­i­nal po­si­tions in the com­pany.

Any money she made en­dors­ing fash­ion or beauty prod­ucts as a TV ac­tress would be dwarfed by what she could earn now as a Royal Fam­ily mem­ber. In­sid­ers claim Meghan has no plans to re­turn to act­ing. She is, how­ever, said to be in­ter­ested in pro­duc­ing – or pos­si­bly pre­sent­ing – films and TV pro­grammes.

Cold front: Meghan on Van­cou­ver Is­land yes­ter­day

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