Great question! While there isn't a direct "non-beneficial" checkbox on shares, you can accurately represent nominee/bare trust arrangements using the structure itself.
The Bare Trust Approach
The recommended way to show non-beneficial ownership is to create a bare trust between the legal holder and the beneficial owner:
Step 1: Create the Bare Trust
- Go to Trusts → Add Trust
- Name it appropriately (e.g., "Smith Nominee Trust" or "ABC Bare Trust")
- Set the trust type as Bare Trust
Step 2: Set Up the Relationships
- The nominee/legal holder is the Trustee of the bare trust
- The bare trust holds the shares in the company
- The real/beneficial owner is the Beneficiary of the bare trust
Step 3: Add the Shareholding
- Go to the Company
- Add the bare trust as a shareholder (not the nominee directly)
- Specify the shares held
How It Looks on the Diagram
The diagram will show:
Beneficial Owner → (beneficiary of) → Bare Trust → (shareholder) → Company
↑
Nominee (trustee)
This accurately represents the legal structure: the nominee holds legal title as trustee, while the beneficial owner has the equitable interest through the bare trust.
Tip: Add a note to the bare trust description explaining the nominee arrangement for clarity.