Accountancy, asked by sugeathan, 1 day ago

A beneficial owner of an entity may be (select all that apply):​

Answers

Answered by shivangisoni201032
0

Answer:

In domestic and international commercial law, a beneficial owner is a natural person or persons who ultimately owns or controls an interest in a legal entity or arrangement, such as a company, a trust, or a foundation.

Explanation:

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Answered by crkavya123
0

Answer:

A natural person or persons who ultimately own or control an interest in a legal body or arrangement, such as a corporation, a trust, or a foundation, are referred to as beneficial owners in domestic and international commercial law.

Explanation:

A beneficial owner is a person who benefits from possessing assets or property even if they may not be the legal owner.

  • Beneficial owners benefit from ownership, including the right to vote and the power to choose investments.
  • Legal owners may occasionally coincide with beneficial owners, but it's not usually the case.
  • The majority of investors are listed as the beneficial owners of shares and own shares in the street names.
  • A natural person or persons who ultimately own or control an interest in a legal body or arrangement, such as a corporation, a trust, or a foundation, are referred to as beneficial owners in domestic and international commercial law. [1] Legal owners, also known as "registered owners," or "owners on record," may own those interests as beneficial owners or for the benefit of another person, in which case they are referred to as "nominees."

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