What Is a Beneficial Owner?

A beneficial owner is anyone who owns 25% or more of a business or exercises substantial control over it. Learn more about reporting beneficial ownership.

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Updated on: March 5, 2025 · 9 min read

A business owner checks inventory in her shop. Not all businesses need to file a BOI report, but most do.
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This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.