The syntheses and reactivity studies of silsesquioxane-borato complexes are described. Treatment of B(C 6 F 5 ) 3 with (c-C 5 H 9 ) 7 Si 8 O 12 (OH) and (c-C 5 H 9 ) 7 Si 7 O 9 (OH) 3 in the presence of a Brønsted base yields the silsesquioxane-borates, respectively. When the more nucleophilic base pyridine is used, (C 6 F 5 ) 3 B‚NC 5 H 5 (3) is formed instead, demonstrating the competition between B(C 6 F 5 ) 3 and H + to react with the amine. The dimethylaniline in 1a and 2a is readily exchanged by NEt 3 to form 1b and 2b. With the nucleophilic Lewis base NC 5 H 5 , the B-O bond in 1a and 2a is split, yielding (C 6 F 5 ) 3 B‚NC 5 H 5 (3) and the free silsesquioxanes. Complexes 1 and 2 rapidly undergo hydrolysis under formation of the hydroxyl complexes X + {(C 6 F 5 ) 3 BOH} -(4a, X + ) PhN(H)Me 2 + ; 4b, X + ) Et 3 NH + ). Likewise, alcoholysis of 1a and 2a with i-PrOH yields the alkoxide {PhN(H)Me 2 } + {i-PrOB(C 6 F 5 ) 3 } -(5). The B-O bond is only moderately stable toward early-transition-metal alkyls. Nevertheless, Cp 2 Zr(CH 2 Ph) 2 + 1a and Zr(CH 2 Ph) 4 + 2a form single-site ethylene polymerization catalysts. Detailed reactivity studies demonstrated that both B-O and B-C bond splitting plays a crucial role, as not 1a and 2a, but their decomposition product B(C 6 F 5 ) 3 is the actual cocatalyst. The solid-state structures of 1a and 4b were determined by single-crystal X-ray analysis.