FinCEN BOI FAQ D.14

Can beneficial owners own or control reporting companies through trusts?

Year: 2024Length: 47 wordsOfficial source

Cite as FinCEN Beneficial Ownership Information FAQ D.14 (Beneficial Owner)

Yes, beneficial owners can own or control a reporting company through trusts. They can do so by either exercising substantial control over a reporting company through a trust arrangement or by owning or controlling the ownership interests of a reporting company that are held in a trust.
FinCEN BOI FAQ D.14: Can beneficial owners own or control reporting companies through trusts? | Justis AI