Corporate law is a complex area, particularly when it relates to the differing roles and responsibilities of trustees, beneficiaries, directors, shareholders and settlors. Recent proposed changes in UK legislation indicate that beneficial owners (i.e. those individuals or companies that own more than 25% of a private company's shares) will need to be named on a central register. Given these proposed changes, what can entrepreneurs do to protect their business interests and anonymity?
Obtain expert advice from trusted companies formation agent: clearly the most important step is to obtain suitable advice on your options. Coddan Formations Agency is a well-established organisation that works with a wide range of individuals to help them set up and maintain a corporate structure that works for them. Offering a wide range of services, including incorporation, drafting of articles, accountancy & bookkeeping and even setting up bank accounts, Coddan are ideally placed to advise you on your options.
Consider a bare or possession trust: in some cases a possession trust may represent a better option for wealth protection than setting up a limited company, limited liability partnership or limited partnership. Particularly if you intend to site your operation within the United Kingdom, Coddan Formations Agency can give you the right information to set up a suitable structure for your business needs. Why not get in touch with them for a free consultation and find out how they can help?
Enjoy anonymity: despite the inevitable depredations on privacy that efforts to increase corporate transparency can cause, there are still several ways in which business owners can continue to operate whilst keeping their business affairs out of the public eye. If required Coddan can provide named trustees, nominee shareholders and nominee directors, as well as providing a valid registered office address for your organisation and forming a first point of contact for enquiries.