Nominee service EIN is designed only for the purpose obtaining the Federal Tax ID number with an agreement between the two parties. The Nominee’s SSN will be used on the application to obtain EIN and once EIN is received, the nominee will resign and the beneficiary/owner will take over the entity. Nominee service EIN is provided to Corporation, LLC, Partnership and sole-proprietors who plan to have employees. This service is not available for LLC's or S-Corporations which are taxed as partnerships or as an individual.
Responsibilities & Liabilities of Nominee
- Such directors are in name only and have no other responsibilities and powers.
- Nominee Director(s) are not responsible for and will not make any decisions whatsoever in connection with the management of an entity.
- Nominee Director(s) will not be identified and or sign any documents and or returns on behalf of the entity.
- The beneficial owner is fully responsible, financial, legally and in all other respects for the operation of the entity.
- The nominee director will sign the resignation letter at the time of appointment itself.
- The nominee will not have any liabilities as such as he will neither be signing any contract on behalf of the company nor signing up for obtaining a Bank Account.
- Once the Nominee resigns from the Board of Directors, the owner of the company can take complete charge of the company
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For Salmon Business Group it is our constant endeavour to give the best service by constantly innovating and improvising upon existing levels of service.
Should you need any further information on our products and services, please feel free to contact the undersigned on:
Telephone: +44 (0) 1246 293011
Fax: +44 (0) 1246 293019 |
