You are able to add/remove Beneficial Owners and adjust the ownership structure of your business if ever needed. Please refer to the instructions below for more information on how to do so.
Sections in this article:
Adding a Beneficial Owner
To add another Beneficial Owner to an account, we will require the following information provided to our support team:
- Full name
- Date of Birth
- Email address
- Phone number
- Social Security Number (or passport number if non-US citizen)
- Ownership percentage
Once this has been provided via email or phone, we can go ahead and begin the process to have this person added.
Removing a Beneficial Owner
In order to change the ownership structure for a business in Relay, we will require the following information:
- Document that clearly states the removal of the Beneficial Owner from the company and the amended ownership structure; and
- The removed Beneficial Owner must email our support team using our support form, confirming their removal from this company.
Adjusting Ownership Percentages
To adjust the ownership percentage of a company, please have all Beneficial Owners reach out in the same email outlining the new ownership percentage, with documented proof of the new percentage ownership structure. From there, our Support Team can make this adjustment for you!