When forming a UK company, many business owners choose to use a nominee director and shareholder. This can be a good way to protect your privacy and assets, and it can also be helpful for tax planning purposes.
What is a nominee director?
A nominee director is a person or company who agrees to be listed as the director of your company in Companies House's public register. This can be a useful way to protect your privacy, but it is important to note that the nominee director will still have legal responsibilities as a director of your company.
What is a nominee shareholder?
A nominee shareholder is a person or company who agrees to hold your shares in trust on your behalf. This can be a useful way to protect your privacy and assets, and it can also be helpful for tax planning purposes.
Why use a nominee director and shareholder?
There are a number of reasons why you might want to use a nominee director and shareholder to form your UK company:
- Privacy: If you are concerned about your privacy, using a nominee director and shareholder can be a good way to keep your identity hidden. This can be particularly important if you are involved in a sensitive industry or if you are a public figure.
- Asset protection: Using a nominee director and shareholder can also be a good way to protect your assets. If your company is sued or goes bankrupt, your personal assets will be protected.
- Tax planning: Using a nominee director and shareholder can also be helpful for tax planning purposes. For example, you may be able to use a nominee shareholder to reduce your inheritance tax liability.
There are a number of benefits to using a nominee director and shareholder to form your UK company. If you are concerned about your privacy, assets, or tax liability, it is worth considering this option.
Published: 9/19/2023 6:50:46 PM
