No, I'm not planning on doing this! I can't see our cat having the moral character to fulfil the fiduciary responsibilities of a director. However he does bring sometimes bring income into the household in the form of dead mice.
Somewhere on teh internetz I think I once read a post in a business forum where a bloke with a one-man company claimed to have appointed his cat as a shareholder, and to have held shareholders' meetings with the cat and everything. I can't find it now, and may be remembering it wrong.
Just out of interest, is this really possible? I suppose it can't be, or everyone would be doing it as a tax avoidance strategy.
A natural person who is a human being and nothing but a human being
A juristic person that is a legal entity such as a corporation which has the same rights and duties as a human being (and human beings have the same rights and duties of care over it).
A cat falls into neither category as non human creatures are not legal persons so do not get the rights and duties that a human being acquires at birth.
Looking at the CH forms it does seem that it would be possible to state that tiddles was a shareholder. However, the filing is as mentioned not legal as the cat unlike a human being or a company has no legal right to hold the shares so the rather silly attempt at tax evasion is null and void.
... So cry havoc and let slip the dogs of HMRC.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
