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DEFINITION: Appointing a professional management organization that will manage your non-controlled corporation
provides you with the maximum protection on all fronts.
The professional managers appoint themselves as directors of the corporation so that you don't have to have any
exposure as a director of the company in order to ensure the safety and security of the corporate assets. This may
be important because even if you are clearly not a shareholder, the mere fact of being an officer may offer the
appearance that you in reality still control the assets and thereby still retain a beneficial interest in them. A court
could easily still compel you to repatriate the assets since you still control them. The onus would be on you to then
prove to the court why you are not able to comply - not a pleasant prospect to consider.
Our organization can provide such management options and give you the piece of mind that you still have the
ultimate authority in regards to your assets. The most common way of doing this, is for the corporate nominee
directors to provide you with a Power of Attorney in all matters related to the running of the corporation. This will
allow you to act in the place of an officer of the company without actually being one. You can sign agreements or
open accounts on behalf of the company or anything else that is required for the day to day business of the
For many situations, this will give you a lot of protection, but you still have control over the company. Be aware,
though, that in a legal action against you, the fact that you have a Power of Attorney to act on behalf of the
company, may be very closely scrutinised to determine if indeed you were acting as if the company was an
extension of yourself.
If that possibility still seems a little riskier, there is a way you can avoid having your name associated in any way
with the company, and that way is to avoid signing on behalf of the company. The nominee directors can be called
upon to sign or necessary corporate resolutions and business agreements of all types, and they can even act as a
signatory on banking and investment accounts.