DEFINITION: Appointing a professional management firm 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 IBC 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 firm 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 company.

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. Click here to go to Account Signatory Services.

To set up an IBC combined with an Offshore- Based Foundation and Professional Management contact us now at scib@hushmail.com