Beneficial owner and director definitions

Beneficial Owners

The exact rules vary by country, but beneficial owners can include one or both of the following types of individuals:

  • Individuals who own 25% or more of your company, and/or

  • Individuals who exercise significant control over your company.

    • Individuals considered to “exercise significant control” over your company are those responsible for managing and directing the business and may include executive officers or senior managers, such as CEO, CFO, COO, Managing Member, General Partner, President, Vice President, or Treasurer.

Directors

Directors typically are individuals who are members of the governing board of your company.

Additional Information