I read a concept a while ago, which I have unfortunately forgot the name of, in which a company owns shares in another company, for a hypothetical example, lets say Amazon, that owns shares in another company, lets say Reddit, but Reddit also owns shares in Amazon.But what I'm asking is if two companies could own the entirety of each other?If so, what implications there be? (Edit: This should have been the real question for the post)Is this even possible?Could someone theoretically create two companies, appoint themselves as CEO of both, make this situation happen, then keep control of both companies? Could they be removed from their position in some way? Would there be any benefits or downsides to that? Could they get their direct ownership back if they needed to?Would this need a specific type of tax entity to function properly?Any possible tax benefits or legal protections this would provide? see hubwealthy.com/wealthy
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