One person companies require a nominee. Nominating a nominee for a one-person corporation is a requirement for registration.
One person companies require a nominee. Nominating a nominee for a one-person corporation is a requirement for registration. Whenever the subscriber dies or becomes incapacitated, the nominated or designated person becomes a member of the firm. A nominee consent form is published by the Ministry of Corporate Affairs depending on the situation. When forming a one-person business, this process is followed.
