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20549 OMB APPROVAL ANNUAL STATEMENT of CHANGES in BENEFICIAL OWNERSHIP of SECURITIES OMB Number 3235 0362 Expires January 31, Es  Form

20549 OMB APPROVAL ANNUAL STATEMENT of CHANGES in BENEFICIAL OWNERSHIP of SECURITIES OMB Number 3235 0362 Expires January 31, Es Form

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Video instructions and help with filling out and completing 20549 OMB APPROVAL ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES OMB Number 3235 0362 Expires January 31, Estimated Average Burden Hours Per Response Form

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in this direct answers video we're going to talk about what it means to be a beneficial owner under the corporate transparency act and this is really important because if you qualify as a beneficial owner of a reporting company you're going to have to report your beneficial ownership information to finsen so what exactly does it mean to be a beneficial owner anyway well under the rule it can be either one of two things the first thing relates to ownership a beneficial owner is someone who owns more than 25% of the ownership interest of the company and this is usually calculated by who owns equity in the company if you own stock in a corporation membership interests in an LLC or partnership interests in a limited partnership and those interests are greater than 25% then you'll automatically qualify as a beneficial owner under the corporate transparency act but this ownership interest can also be other things too but to make things more complex there are other int

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