TOPIC: Beneficial Ownership

Trust in Jersey, one of the Channel Islands and Beneficial ownship

COO at a bank ($373MUSA)
There are two borrowing entities, owned by the same trust and looks like both are set up the same way. 
  • Borrower = Fun Hotel Co LLC, a Delaware LLC, 
  • Crazy Hotel Inc. a Delaware corp, is the sole member of Fun Hotel LLC. Bill Smith is named as President of Crazy Hotel, Inc. ( I believe Bill is the son of Joe and Jane Smith in #3)
  • The Good Times 2019 Trust, with The Good Times Private Trust Company, Trustee, owns 100% of Crazy Hotel.  The Good Times 2019 Trust, was established in 2019 under the trust laws of Jersey, in the Channel Islands.  John Doe, Joe Smith and Jane Smith (husband and wife) are named as directors of the trust.  When reading up on Jersey law, a director of a trust basically carries the same responsibilities as a corporation director, which is to act un the best interest of the trust.  In essence then, there is no physical person listed as a trustee, or successor trustee.

Here are a couple of other odd things.

1. The business address for Fun Hotel LLC is the address of Crazy Hotel inc., but the mailing address for Fun Hotel LLC is in Dubai.  2. The actual person opening the account is Bill Smith, who uses a United Kingdom DL


We have completed the beneficial ownership certification as The Good Times Private Trust Company, Trustee, as 100% owner of Fun Hotel Co, LLC.  Does that sound right?  


Also does anyone know how can we confirm the legitimacy of the Jersey Trust agreement?