I'm asking this question purely from an accountant perspective. Now that Wt owns the Kingdom Halls would this mean that if they went into liquidation that a creditor could also get his hands on the halls as well. From a paper perspective would it of been more advantageous for the KHs to be stand alone entities in which WTBTS had no interest in - as under the old system and assuming we live in a perfect world e.g menlo park / Texas. How could it be wrangled so if the worst happened the real estate out side what is WTBTS could be protected.
If WTBTS ever went into liquidation what would be the situation with the Kingdom Halls
by joe134cd 1 Replies latest watchtower scandals
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Vidiot
From a paper perspective, this is useful, as it gives the Org almost total control over all KH property.
Over the next decade or so, expect outlying halls (in remote areas) to get refurbished and flipped first, then bigger ones, then - eventually - all of them, as the WTS finishes its transition into an almost exclusively online "e-religion".