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What is the difference between a beneficial owner and an entity officer?
| Beneficial Owner |
Entity Office |
|
A beneficial owner is an individual who benefits from a particular business, either directly or indirectly. |
They benefit through a contract, agreement, or relationship, or by owning 25% or more of the equity interests of the legal entity. |
| An entity officer is a person who performs or takes responsibility for business functions. | They work as an executive officer or senior manager (including Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, and Treasurer). |
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