Business Structure

You could look at something like a Bare Trust.

A Bare Trust is a trust where the legal and beneficial ownership is split. The trustee has legal ownership, the beneficiary has beneficial ownership. A bare trust gives the beneficiary the rights, so that he/she can instruct the trustee, and the trustee acts on the wishes of the beneficiary. Basically the trustee owns the asset for you.

I heard of one example of successfully using a bare trust. One farmer had his property on the market, his neighbour wanted to buy it. Problem was, the neighbours did not get along, and the prospective buyer believed he would have to pay a much higher price if he were to buy it in his own name. Neighbour (buyer) organised for the formation of a bare trust, with a friend as trustee. He purchased the property through the bare trust, the seller was none the wiser. Apparently the look on the sellers face, when he found out who bought his property was priceless.

I'm not sure where the opening post went. It has been edited for some reason. It was a question about hiding the legal / beneficial owners of an asset.

I'm not sure what number 8 is up to…..