Q: A trusted friend has asked me to become a nominee director of his company. The business seems to be thriving – is there any reason not to take him up on his offer?
A: Company Nominee directorships is an often misunderstood area in UK business, and any expert in commercial law will advise you to proceed with extreme caution before agreeing to become a nominee director. Here’s why:
The term “nominee” refers to a person or company who is not the owner, but in whose name a stock, bonds, or company is registered.