Ownership
The entity holds the bitcoin
The legal owner holds the bitcoin. People hold shares, units, or membership interests. Two layers. One clear point.
Who holds what
The legal owner holds the bitcoin. People hold shares, units, or membership interests in that owner. A change of directors, trustees, or family members is a change of who acts for the owner, not a change of who owns the bitcoin on-chain, until the vault and the register are updated.
Ask your own advisers about tax, basis, and inheritance. This page does not determine reliefs or rates. It states the ownership distinction so boards and families can plan control and succession without confusing the two layers.
Next: when a signer changes, estate planning and inheritance, bitcoin for founders, U.S. bitcoin estate planning, corporate bitcoin treasury.