Legal Question in Business Law in New York
My mom is a nominal shareholder in a company that her boss set up in france..
1% shareholder..
what is the benefit for the Nominal shareholder in this situation.. why would one do this..
does she have any legal right of there is no declaration of trust or they cant find it?
Asked on 10/30/09, 11:26 am
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
It basically means that she has a 1% ownership interest in the company. So, if the company is sold for $1 she would receive 1 cent.
Mike.
Answered on 11/04/09, 11:33 am
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