goldentinker79 said:I honestly can't tell if that one lone share carries some special weight or if there's something specific tucked away in the Articles of Incorporation. If the documents explicitly state that this individual holds controlling interest or something similar, then yeah, you probably have to follow through. But if it's not mentioned anywhere, I think the lady at the bank is just talking nonsense.🙂
That share doesn't seem special to me—honestly, it's probably just a formality in the founder's home country. The guy holding it is the director of the parent company, so he likely holds it as part of the job. 🤷🤷🤷
I pretty much know everything about the business side, though I'm not an expert on the ownership structure—not really. 🤷
They obviously know who the founder is (it's a corporation).... but that corporation is owned by another entity based overseas, and then there's that one share held by a local resident in the country where this xy firm's parent company is located—sorry, I'm repeating myself, but you get the idea...
Now the folks at the bank are digging for the ultimate owner—the third entity in the chain that owns our founder—and if it turns out to be another corporation again (which happens)... they'll keep going until they hit all the actual people with a major stake (25% or more), or a company listed on a major exchange.
I don't suspect anything shady, but owners aren't exactly eager to hand over this kind of info—if they could legally dodge the questions, they probably would.