What is a Beneficial Owner
A beneficial owner is a person or entity that receives the benefit of ownership. As the true owner, the asset is under the name of the person or entity, and they are entitled to any benefit from it. The true owner can sometimes be difficult to determine if there are more than one person or entity involved. Also known as beneficial owner. It is one of the three components of the eclectic paradigm.
Understand the actual owner
For example, the true owner of a corporation will own more than 50% of the business. However, it can become more complex when it comes to shell companies and trusts. There can be significant tax benefits by increasing the complexity of ownership. The beneficial owner may be an individual, a group of individuals, another company, or even a group of individuals and one or more other companies.
How to find the real owner
For small private companies, finding the real owner is not so difficult. The first place to consult is the Secretary of State or the company office in the state where the company is incorporated. Most states keep these records online, and the public can search the database for free. Keep in mind that a society Where SARL may have an office in one state but be incorporated in another. Delaware and Nevada contain the majority of all corporate incorporations in the United States, so this is a good place to start your search.
If the state in question does not offer these documents for free online, you will need to submit a written request and, in some cases, pay a fee to obtain this information. In some cases, you will receive a contact person for the entity, often a lawyer. It is up to you to contact this person to obtain the ownership information.
For larger companies, there may be no real owner. The public can hold the majority of actions, or there is a combination of public and private ownership. Ownership of the company is determined by the owner of the shares, and battles for ownership can take place when a person or entity acquires a sufficient number of shares to run for one or more seats in the company. board of directors.
Real estate property
Find the true owner of immovable can be simple or complex, depending on the situation. In the vast majority of cases, residential ownership can be determined by going online or by visiting the county, town, or city property records office. For commercial buildings and more expensive residential properties, the property may be under corporate names, in which case you will need to obtain the corporate name and then search for it as shown above.