Nominee Shareholder Guide Released by Legal Clarity
August 15, 2011 (PRLEAP.COM) Business NewsLegal Clarity, a web-based legal services company based in the Midlands, has today issued an article considering the advantages of individuals or companies using a nominee shareholder service.
Legal Clarity's nominee shareholder service (http://www.legalclarity.co.uk/nominee-shareholder-service.htm ) provides a nominee to hold shares on a bare trust (i.e. in name only), so that you retain all the benefit of the shares but without your name or details being available for inspection on the public register. The nominee shareholder service is tailored to the needs of accountants, entrepreneurs and solicitors.
The article states that a UK private company limited by shares must by law have at least one shareholder. A shareholder's details will be recorded at Companies House and in the company's statutory records. By using a nominee shareholder the identity and other details of the 'true' owner of the shares can be kept private.
James Quinn, Director says:
'There are a number of legitimate commercial reasons why shareholders in a company may wish their name and other details to remain private. For example, if you purchase shares in a supplier to your business, which also supplies your competitors, then you may not wish your competitors to know of your shareholding.'
'Individual and corporate shareholders that wish to remain anonymous should carefully consider the privacy advantages of using a nominee shareholder service.'
'This new article highlights the key reasons for using a UK nominee shareholder service. Guidance is also available on our website.'
Legal Clarity provides legal services (at a fixed cost wherever possible), tailored to the individual needs of its clients. It offers a wide range of legal drafting, company secretarial and related services through its website (http://www.legalclarity.co.uk). Free guidance in relation to corporate and commercial legal matters is available on its