Business Law Beat BY LAWRENCE B. LAMBERT, ESQ. information through other reporting requirements. In total, there are 23 exempt entity types, each with its out a TIN, a tax ID number issued by the foreign ju- risdiction and name of the jurisdiction. For each...
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Business Law Beat BY LAWRENCE B. LAMBERT, ESQ. information through other reporting requirements. In total, there are 23 exempt entity types, each with its out a TIN, a tax ID number issued by the foreign ju- risdiction and name of the jurisdiction. For each Bene- Welcome to 2024! I own set of descriptions and qualifiers. ficial Owner, the company must report: (i) Full legal hope everyone en- So, if you own or control a non-exempt reporting name; (ii) Date of birth; (iii) Complete current residen- joyed the holidays and company, who are your company’s Beneficial Owners, tial street address; (iv) Unique identifying number and is ready to make this and what information must you report about them? As issuing jurisdiction form, and an image of one of the year a successful one. with any good regulation, the answer is: “it depends.” following (a) US Passport, (b) State driver’s license, If you own or exert Broadly speaking, a Beneficial Owner is any individ- (c) ID issued by a state, local go
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