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- What do Santa and a Shareholder Register have in common?
What do Santa and a Shareholder Register have in common?
Legal Bites for Founders
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:
š Legal reminder to check off your list.
š° Noteworthy news (and why itās relevant to you).
šø Funding opportunities to grow your business.
1. Decemberās Legal Reminder:
Have you updated your company share registers? š
Making a list and checking it twice isnāt just for Santa, itās also for your shareholder register. š
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 companyās 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 shareholderās 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. šØāš¼
Why theyāre 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 companyās 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! š±
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 weāre seeing changes coming in 2025 for whatās required for terms of service (ToS), privacy policies, AI and data regulations.
We know itās frustrating (just when you think youāve 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:
š² Adopt Legal Automation Tools: Using platforms like SuLe allow you to automate compliance and legal tasks.
š©āš« Educate Customers on Data Use: Be proactive about informing clients and users how their data is managed and offer opt-out options.
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 š¤
More on this shortly: weāre saving our best funding picks to share with you in the new year.
Now go enjoy the holidays!
ā The SuLe Team