Nominee shareholders are appointed to represent the interests of the real shareholders in a company, but they receive no financial benefits for doing so. When a member of an LLC wants to keep their identity concealed from public view, they often turn to a nominee service.
A nominee director is an individual or corporation that is appointed to serve in a directorship in place of another individual or corporation.
A nominee's function is 'name only,' and their information will appear on public record in place of the genuine officer's information, but protecting the real officer's identity is the primary goal. Although nominees do not do any "hands-on" executive activities, they are regularly asked to sign official company documents in place of the actual director or secretary.