Appointment of nominee partners for Scottish LP registration: when you are in the process of setting-up a limited partnership in Scotland with the assistance of the legal services experts at Coddan Ltd, it is very important to be fully aware of the responsibilities of each nominee partner. Because of the complex nature of this type of arrangement, we take the time to ensure that all parties are up to date with the latest information, and this ensures that you are completely aware of where the responsibilities for certain processes lie.
At the same time, Coddan Ltd can arrange for the appointment of nominee limited partner and nominee general partner (same to the nominee director), but their exact role will be limited in nature.
If a Coddan Ltd representative acts as a nominee limited partner or nominee general partner for a Scottish limited partnership, this will always be on a "name only" basis. This means that while an individual can be nominated to this position in order to protect the actual identity of the true owners of a partnership, the actual responsibility for the activities of a business will always rest with the true owners.
From the perspective of documents that are registered with Companies House, the nominated representative will always show in official records, but overall responsibility will always be backed up with legally-binding documents that are in the possession of all parties.
In order to provide both anonymity for you and protection for Coddan Ltd, a signed letter of authority and other documentation will be kept by all concerned for protection in the event of any kind of investigation or proceedings. If it is necessary to forward information about the true identity of a limited partnership partners, this can be done in a timely manner, and you can be provided with a signed "letter of resignation" than can be activated at any time of your choosing to terminate the agreement.