The Duke and Duchess of Sussex have set up two new entertainment companies.
Prince Harry and his wife Meghan – who have children Archie, two, and Lili, seven months, together – reportedly registered 11 separate companies in the Delaware tax haven last week, more than half of which are designed for the sector of “entertainment”, and now it has been revealed that two more companies were created on the same day last year.
The companies were each incorporated by lawyer Richard Genow and business manager Andrew Meyer, both of whom have worked with Meghan since her acting days.
According to the Telegraph, one of the newly revealed companies is called Cloverdale Inc. in honor of the street the former ‘Suits’ star grew up on with her mother, Doria Ragland, in Los Angeles, while the The other is Riversoul Productions Inc.
Both companies were created explicitly in the “entertainment” industry, joining the couple Hampshire LLC, Bridgemont LLC and IPHW LLC.
Additionally, Archewell Productions will oversee the television release of Harry and Meghan for Netflix, while Archewell Audio is expected to produce podcast episodes for Spotify.
The rest of the couple’s business empire includes two publishing companies, Peca Publishing – which owns the rights to Meghan’s children’s book ‘The Bench’ and is said to have been named after the Spanish word for its spots freckles – and Orinoco Publishing, which is set to be the home of Harry’s next autobiography.
There’s also the couple’s charitable foundation, Archewell, and three investment companies, Nemawashi Holdings, Baobab Holdings and RPV Holdings.
Most of the businesses were registered on July 16 of last year, according to public records registered in California and Delaware.
It is not uncommon in the United States to establish multiple companies, with experts suggesting this prevents the potential failure of one company from impacting another.
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