I need a solicitor to draw up a nominee director/ shareholder agreeement
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Description
Experience Level: Intermediate
Estimated duration: 2 hours
Description: We need a nominee director and nominee shareholder agreement drawn up which effectively names myself and my business partner as joint beneficiaries and also clarifies that we have full control over the business and it's activities. The reason for this is that we are currently both in full time employment so can't be registered as directors until the company is able to sustain one or more of our salaries.
I have already had an attempt myself but am struggling with the wording when it comes to the director section (please see my effort attached) The key points to be contained within the agreement are below:
- Consider the effect on the agreement should the nominee die, the power of attorney and share ownership should cease to exist and ownership should return to Kyle (business partner with equal control and shares etc) and myself.
- The Nominee should relinquish his power under the agreement to summon board meetings or have any casting votes.
- The bank account should only act on the joint and inclusive instruction of KH/JL.
- The nominee should relinquish his role immediately on joint instruction from KH/JL.
- The nominee will make application for VAT on behalf of the company but not be responsible for returns.
- The nominee will make applications for CIS on behalf of the company but not be responsible for returns.
I look forward to hearing from you.
Thanks,
JON
Description: We need a nominee director and nominee shareholder agreement drawn up which effectively names myself and my business partner as joint beneficiaries and also clarifies that we have full control over the business and it's activities. The reason for this is that we are currently both in full time employment so can't be registered as directors until the company is able to sustain one or more of our salaries.
I have already had an attempt myself but am struggling with the wording when it comes to the director section (please see my effort attached) The key points to be contained within the agreement are below:
- Consider the effect on the agreement should the nominee die, the power of attorney and share ownership should cease to exist and ownership should return to Kyle (business partner with equal control and shares etc) and myself.
- The Nominee should relinquish his power under the agreement to summon board meetings or have any casting votes.
- The bank account should only act on the joint and inclusive instruction of KH/JL.
- The nominee should relinquish his role immediately on joint instruction from KH/JL.
- The nominee will make application for VAT on behalf of the company but not be responsible for returns.
- The nominee will make applications for CIS on behalf of the company but not be responsible for returns.
I look forward to hearing from you.
Thanks,
JON
Jon L.
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