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Why do you need to know about my relationship with the previous owner of the company?
Why do you need to know about my relationship with the previous owner of the company?

Learn why Lunar needs to know about your relationship with the previous owner.

Teresa avatar
Written by Teresa
Updated over a week ago

In the process of obtaining a business account with Lunar, we need answers to relevant questions. We ask for this to gain an overview of the company and its history and to understand the basis for the handover of the company.

We are asking you because we can see that the company was previously owned by another person or entity. Therefore, we need you to explain your relationship with the previous owner of the company. Some of the possible reasons could be:

  • If the company was transferred from another family member, please describe why.

  • If the company was purchased, please describe the basis for this and the process behind it.

Example

An example could be: "I bought the company from my cousin Jonas because he no longer had the time or energy to run the business, and since I always had relevant experience and a strong interest in the area the company operates in."

It is important that you describe the reason for the transfer in your own words. The more detailed, the better – this way, we can gain a better understanding of the reason for the transfer and your relationship with the previous owner.

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