Easily Hide Surname Field from the Liquidating Trust Agreement

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How to Hide Surname Field from the Liquidating Trust Agreement

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What if I no longer need my BVI company?

If you no longer require your British Virgin Islands company and wish to have it struck off the register we can assist with the Company Dissolution. We can arrange to have the company struck off the register through a Voluntary Winding -Up in ance with the BVI Companies Act.

What is the difference between struck off and dissolved?

Company directors who want a company struck off the register (also known as a company being dissolved) want to have a company marked down as non-existent and still retain full control of the business. Dissolution is usually voluntary by the members (shareholders) if they have no further use for the company.

What is a controller of a trust?

Any person who otherwise exercises ultimate effective control over the trust e.g. a co-trustee, an enforcer or other controller.

What are the consequences of a company being struck off?

Once a company strike off form has been filed, the company can no longer trade, sell company assets or become involved in any other business activities.

What is a liquidating trust agreement?

The purpose of a liquidating trust is to: Collect and hold assets and claims of the debtor as specified in the bankruptcy plan. Liquidate the trust assets. Resolve disputed claims. Make distributions to allowed claimholders in ance with the plan.

What happens when a BVI company is struck off?

A company which has been struck off the Register on or after 1 January 2023 will be dissolved on the date the Registrar publishes the notice of striking off in the BVI Gazette in respect of the company.

What does it mean when a company applies to be struck off?

Overview. You can close down your limited company by getting it struck off the Companies Register. This is also known as dissolving your company. You can only strike off your company if it: has not traded or sold off any stock in the last 3 months.

How do you remove an asset from a trust?

For example, if you transferred real estate into your trust, you would have done so by deed, granting it from your name personally into the name of your trust. If you want to take the property back, its simply a matter of drafting a new deed that grants title from your trusts name back to your name.

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