Business Profiles: Finding the "Owners" Section and Editing Ownership

Navigating to the relations tab: finding the “Owners” section

The owners of a business can be found within its business profile. You can start by clicking on “Businesses” on the left-hand navigation menu. Clicking on any business allows you to see its business information, personal information, relations, deals, documents, and bank data. In order to find the visualized ownership breakdown, you must click on the “Relations” tab.

The components of the “Owners” section

The “Owners” section displays the ownership breakdown of each owner of a business. Each owner has a corresponding company ownership (percentage), type (individual or business), business (# of businesses owned), and deals (# of deals for that owner).

It’s important to note that owners can have different entity types: they can be individuals or businesses. Regardless of the entity type, the owners can have an ownership stake in the business - and this ownership can be edited.

How to edit the ownership of a business

Editing the ownership of a business typically occurs when the current ownership percentage of an owner needs to be updated to a new ownership percentage.

Clicking on “Manage Ownership” will allow you to edit the ownership of an owner for a given business profile. You can enter a new ownership percentage that modifies the current ownership percentage.

Editing the ownership percentage for an owner here does not trickle down to the deal. Any changes to ownership within this section will not affect the ownership breakdown in the deal.Lendflow users and Client users will have separate business profiles. Right now, edits on a Lendflow business profile will not affect the corresponding Client business profile - and vice versa.

When ownership of a business exceeds 100%

The total ownership percentage is displayed in the top left of the ownership section. When you attempt to have total ownership of over 100%, there will be validation that says “Ownership over 100%.” You will also see that the ownership percentage is above 100%. When ownership is over 100%, it cannot be saved. To save the ownership, it must be at or below 100%

When ownership is below 100%, you will see the unassigned percentage of ownership. This is the remaining percentage of ownership that needs to be assigned.

FAQ

Where can I find the owners of a business?

In the Lendflow Dashboard, open Businesses in the left-side menu, select the business, then open the Relations tab. The Owners section displays the business’s ownership breakdown.

Can an owner be an individual or a business?

Yes. An owner can be an individual or another business, and either entity type can hold an ownership stake in the business.

Do ownership changes on a business profile update its deals?

No. Editing ownership on the business profile does not change the ownership breakdown on an existing deal.

Can I save ownership that totals more than 100%?

No. The total ownership must be 100% or less before you can save it. When the total is below 100%, the Owners section shows the unassigned percentage.

Business Profiles: Finding the "Owners" Section and Editing Ownership