EXCLUSIVE: Harry and Meghan are setting up a complex network of 11 companies – named after the Duchess’s freckles (Peca), a South American river (Orinoco) and their ‘babymoon’ (Hampshire) – all based in tax haven Delaware
- DailyMail.com can reveal Prince Harry and Meghan Markle are setting up a network of companies based in the opaque tax haven Delaware
- Meghan’s longtime lawyer and business manager have incorporated 11 companies and a trust for the couple since April 2020, state filings reveal
- One of the firms appears to be set up for Harry’s multi-million-dollar memoir book deal
- Names for the companies include an intriguing Japanese term for deal making and a reference to Meghan’s freckles in Spanish
- Another is named after a river flowing through Colombia and Venezuela
- The companies are all headquartered in the Beverly Hills offices of attorney Richard Genow, who has worked with the Duchess for years
- Also appearing on company filings for the firms is her business manager Andrew Meyer, a well-connected money guru
Prince Harry and Meghan Markle are setting up a complex network of companies all based in the opaque tax haven state of Delaware – despite living and doing business in California.
Meghan’s longtime lawyer and business manager have incorporated 11 companies and a trust for the couple since April 2020, state filings reveal, including a firm apparently set up for Harry’s multi-million-dollar memoir book deal.
Names for the companies include an intriguing Japanese term for deal making, a reference to Meghan’s freckles in Spanish, a South American river, and a possible allusion to a $44,000 ‘babymoon’ getaway the couple took in 2019.
The companies are all headquartered in the Beverly Hills offices of attorney Richard Genow, who has worked with the Duchess for years.
Also appearing on company filings for all 11 firms is her business manager Andrew Meyer, a well-connected money guru whose clients have included Jon Chu, Anna Kendrick, Adam Driver, Kathryn Hahn, Yahya Abdul-Mateen II and Ellen Pompeo.
DailyMail.com can reveal Prince Harry and Meghan Markle are setting up a complex network of companies based in the inscrutable tax haven Delaware
Among the companies inked by Meyer and Genow are two publishing firms. The first, Peca Publishing LLC, was set up in September 2020 and used by Meghan to hold the rights for her kids book The Bench. Peca is Spanish for freckle, and appears to be a reference to a book Meghan wrote in eighth grade titled A Face Without Freckles… Is a Night Without Stars
In September 2020 Orinoco Publishing LLC was incorporated– though it didn’t register its status in California until December 22, 2021. It is unclear what the couple will use Orinoco for, though it is likely it was set up to hold the rights for Harry’s blockbuster book deal with Penguin Random House for his memoir, due for publication later this year
The 1,400 mile Orinoco River flows through Colombia and Venezuela. Its name is derived from a Warao term for ‘a place to paddle’
Among the companies inked by Meyer and Genow are two publishing firms. The first, Peca Publishing LLC, was set up in September 2020 and used by Meghan to hold the rights for her children’s book The Bench.
Some of the Sussexes’ Delaware firms were set up to hold the trademarks for their charity Archewell and its associated companies
The same day a second company was incorporated, Orinoco Publishing LLC – though it didn’t register its status in California until December 22, 2021.
It is unclear what the couple will use Orinoco for, though it is likely it was set up to hold the rights for Harry’s blockbuster book deal with Penguin Random House for his memoir, due for publication later this year.
The word ‘peca’ means freckle in Spanish, and appears to be a reference to a book Meghan wrote in eighth grade titled A Face Without Freckles… Is a Night Without Stars, a copy of which currently sits in the Congressional Library.
Orinoco is the name of a South American river, which flows through Venezuela and Colombia.
Some of the Sussexes’ Delaware firms were set up to hold the trademarks for their charity Archewell and its associated companies.
In a complicated structure, Harry and Meghan set up Cobblestone Lane LLC as the holder of the Archewell logo, but lodged another trademark filing for a second logo, with just the letters ‘AW’ on top of each other, under a different Delaware firm, IPHW LLC.
Cobblestone Lane LLC was incorporated in Delaware in February 2020 and five days later was used as the applicant to file for the Archewell trademark.
Though both Archewell and Cobblestone are based in California, there were no filings for the LLC registered with the California Secretary of State.
According to legal site UpCounsel: ‘Before any business can conduct and transact interstate or intrastate business in the state, the company must register and qualify with the California Secretary of State until this month, almost two years after it was set up on the east coast.
On January 2, 2022 the company filed an ‘application to register as a foreign limited liability company’, noting it was incorporated on February 27, 2020 in Delaware. Unlike Harry and Meghan’s other companies, it shares a business address with the British Consulate-General in Los Angeles, rather than being based at Genow’s offices.
According to legal site UpCounsel: ‘Before any business can conduct and transact interstate or intrastate business in the state, the company must register and qualify with the California Secretary of State.
‘This means that if you plan to do business in California, your business must be registered.’
The couple’s lawyers did not respond to questions over why Cobblestone had not filed documents in California for almost two years.
All 11 of Harry and Meghan’s Delaware-based companies revealed
Peca Publishing, LLC – Set up in September 2020 and used by Meghan to hold the rights for her children’s book The Bench. Peca means ‘freckle’ in Spanish
Orinoco Publishing, LLC – Registered on December 22, 2021. It is unclear what the couple will use Orinoco for, though it is likely it was set up to hold the rights for Harry’s blockbuster book deal with Penguin Random House for his memoir, due for publication later this year
Cobblestone Lane, LLC – Incorporated in Delaware in February 2020 and five days later was used as the applicant to file for the Archewell trademark
IPHW, LLC – A second trademark logo for Archewell was filed, with just the letters ‘AW’ on top of each other. It was filed under Delaware firm, IPHW LLC
Archewell Audio, LLC – Registered in November 2021. Used to facilitate the Sussexes’ high-profile entertainment deals with Netflix and Spotify
Archewell Productions, LLC – Entertainment company used for businesses with lucrative Netflix and Spotify deals
Baobab Holdings, LLC -Set up in February 2021. According to company documents, the firm was for ‘investments’. The distinctive baobab tree is native to Africa and Australia
Bridgemount, LLC – Entertainment company founded in January 2021
Hampshire, LLC – Entertainment company founded in January 2021. The name may be a reference to Harry and Meghan’s memorable holiday at a Hampshire five-star 18th century Georgian mansion where they had a three-night stay in the final weeks of Meghan’s pregnancy in Spring 2019
Nemawashi Holdings, LLC -Set up September 2020 and was described only as a ‘holding company’. Nemawashi is a Japanese term meaning the informal process of quietly laying the foundation for a project
RPV Holdings, LLC – Set up in August 2020
The companies are all headquartered in the Beverly Hills offices of attorney Richard Genow (left), who has worked with the Duchess for years. Also appearing on company filings for the firms firms is her business manager Andrew Meyer (right), a well-connected money guru
The companies are in the tax haven of Delaware, despite the couple living and doing business in California. Their Montecito mansion is pictured
One of the couple’s companies is named for a Japanese term meaning the informal process of quietly laying the foundation for a project
Meghan thanked her now-estranged father Thomas in her book A Face Without Freckles…Is A Day Without Stars, written when she was in eighth grade
Harry and Meghan had a getaway weekend at Heckfield Place Hotel in Hampshire, England, just before son Archie was born. It could be the inspiration for naming one of their companies Hampshire LLC
Delaware-based IPHW did register with the California Secretary of State on July 16 2021.
Companies that have already drawn international attention over the Sussexes’ high-profile entertainment deals with Netflix and Spotify include Archewell Audio LLC and Archewell Productions LLC.
But Meghan’s money men also incorporated Baobab Holdings LLC in February last year, writing in company documents that the firm was for ‘investments’.
The Baobab is a distinctive tree native to Africa and Australia.
The distinctive baobab tree is native to Africa and Australia
Two ‘entertainment’ companies founded by Genow and Meyer in January last year were Bridgemount LLC and Hampshire LLC.
The latter’s name may be a reference to Harry and Meghan’s memorable holiday at a Hampshire five-star 18th century Georgian mansion where they had a three-night stay in the final weeks of Meghan’s pregnancy in Spring 2019.
A friend told the Sun at the time: ‘Meghan is only a couple of weeks away from giving birth, so Harry really wanted to treat her.’
Nemawashi Holdings, LLC was set up September 2020 and was described only as a ‘holding company’ by Genow and Meyer. Nemawashi is a Japanese term meaning the informal process of quietly laying the foundation for a project.
Another inscrutable company set up a month earlier is called RPV Holdings, LLC.
Genow told the Hollywood Reporter in November that he has known Meyer professionally and as a friend for more than 15 years.
Meyer, a certified public accountant and founder of Beverly Hills entertainment wealth management firm Freemark Financial, lives with his wife Stephanie in a $6million, six-bed, 6,000 sq ft property in the exclusive neighborhood of Holmby Hills, Los Angeles.
Nemawashi Holdings, LLC was set up September 2020 and was described only as a ‘holding company’ by Genow and Meyer. Nemawashi is a Japanese term meaning the informal process of quietly laying the foundation for a project
Companies that have already drawn international attention over the Sussexes’ high-profile entertainment deals with Netflix and Spotify include Archewell Audio LLC and Archewell Productions LLC
Even before 2020 Meghan’s financial team already discreetly made a significant move involving the Duchess’s company Frim Fram Inc – the firm behind her popular lifestyle blog The Tig.
According to Delaware business records, on December 30, 2019, Frim Fram Inc was registered as a new corporation in the state.
The following day, according to California business records, Frim Fram Inc California was ‘Merged Out’ and incorporated with the Delaware company.
This is significant because Delaware is known as a haven for firms seeking extreme corporate secrecy.
Registering a company in the Mid-Atlantic state does not require the disclosure of the identities of the owners and for as little as $50 the owners can hire a registered agent to represent them.
All financial information relating to the company is kept confidential. The move appeared to show that Meghan planned to keep her and Harry’s business as opaque as possible – and stuck to their plans, incorporating every one of their following companies in the secretive state.
Almost 65 percent of Fortune 500 companies are incorporated in Delaware, making it the state with more corporations registered within its borders than people.
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