Accounting yearend dates in US and Australia
Our client has a small company in the UK and one a small company in Australia. They recently grouped them by creating a US Delaware LLC to be the holding company.
I have established that the LLC will not be required to prepare consolidated group accounts. However, we want to encourage the client to bring all the year ends into line if possible.
So I have a number of questions:-
1) Are Delaware LLCs allowed to choose their own year end date?
2) Are they allowed to change an existing year end date?
3) Are Australian companies allowed to choose their own year end date?
4) Are they allowed to change an existing year end date?
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