The Look-Through Principle: Identifying Beneficial Owners in Layered Structures
When a company is owned by another company, identifying the beneficial owners is not always as straightforward as looking at the share register. The corporate shareholder arrangement is only one part of a larger ownership structure that involves another company or trust. For small-to-medium enterprise (SME) directors, these layered structures are common. A business may […]
Piercing Your Own Corporate Veil: Small Mistakes That Can Erase Your Liability Protection
The primary reason entrepreneurs form a Limited Liability Company (LLC) or corporation is to create a legal barrier between their personal assets and the risks of the business. If the company is sued, cannot pay its debts or becomes insolvent, that barrier is intended to protect personal assets such as the owner’s home, savings and […]
