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Nonprofits and beneficial ownership?

Answered by: 

Question: 
If our customer is a nonprofit organization, do we complete beneficial ownership certification?
Answer: 

No. You only complete the certification on nonprofit corporations. This will usually be your churches, civic organizations. You will not have any 25% owners listed, the control prong is the only prong you complete.

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Learn more about Deborah Crawford webinar 25 Errors on Beneficial Ownership Certification of Legal Entities

First published on 10/11/2020

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