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Is the First Baptist Church in or out for BO?

Question: 
Are nonprofits required to have a certification of beneficial ownership?
Answer: 

Yes, if they are a nonprofit corporation. Many churches and civic groups are registerd as nonprofit corporation at secretary of state even if they do not have “Inc” in the title. There will be no owners but there is a controlling person for the entity.
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Learn more about Deborah Crawford’s webinar
25 Critical Errors on Beneficial Ownership

First published on 11/04/2018

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