What do Santa and a Shareholder Register have in common?


Hey there,

From all of us at SuLe, we wanted to wish you Happy Holidays and a very Merry Christmas!

Now before you sign off to enjoy some rest and holiday cheer, we have your:

  1. šŸš€ Legal reminder to check off your list. 

  2. šŸ“° Noteworthy news (and why itā€™s relevant to you). 

  3. šŸ’ø Funding opportunities to grow your business.

1. Decemberā€™s Legal Reminder:
Have you updated your company share registers? šŸ“‹

Making a list and checking it twice isnā€™t just for Santa, itā€™s also for your shareholder register. šŸ“‘

Every company is legally required to keep registers that record changes in their company. So what exactly is a shareholder register?

Basically, the shareholder register is a list of all the active owners of a companyā€™s shares. These include:

  • Register of people with significant control (PSC)

  • Register of Directors

  • Register of Members (or as you know it, the Shareholder Register)

Shareholder registers are updated on an ongoing basis because, of course, shareholders change over time. The register includes information such as:

  • Each shareholderā€™s name

  • Their address

  • The date they became a shareholder (or the date they ceased to be one)

  • The class and number of shares owned and the price they paid for the shares

And any updates to the register are made by the director or company secretary of the company. šŸ‘Øā€šŸ’¼

Why theyā€™re important:
Although it may seem like another bit of boring admin, the register is a very important document. It allows for a full examination of your companyā€™s ownership, which is vital for corporate transparency and is a legal requirement.

For instance, say you want to sell your company or transfer shares to someone: A potential buyer will want to know that you understand the ownership of all the shares in your company otherwise you may risk deals falling through! šŸ˜±

Shareholder registers in the UK can also be referred to as a register of members, while in the United States, the shareholder register is called the shareholder list.

2. Noteworthy News:
Regulation, regulation, regulation.

Yet again weā€™re seeing changes coming in 2025 for whatā€™s required for terms of service (ToS), privacy policies, AI and data regulations.

We know itā€™s frustrating (just when you think youā€™ve got it down pat!), but as technology constantly evolves, so will its regulations.

Why should this matter to you? 

New privacy and data regulations often equal increased compliance costs, litigation risks and increased pressure to protect your customersā€™ data. 

To keep your business safe and aligned with regulation changes, you can:

šŸ“² Adopt Legal Automation Tools: Using platforms like SuLe allow you to automate compliance and legal tasks.

šŸ‘©ā€šŸ« Educate Customers on Data Use: Be proactive about informing clients and users how their data is managed and offer opt-out options.

šŸ“Š Stay Agile: Be open to adapting your marketing strategies to platform changes, e.g., exploring alternatives like Bluesky or Mastodon if X's updates alienate users.

 

3. Funding Opportunities šŸ¤“

More on this shortly: weā€™re saving our best funding picks to share with you in the new year.

Now go enjoy the holidays!

ā€“ The SuLe Team