District of Columbia Purchase by company of its stock
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How to fill out Purchase By Company Of Its Stock?
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FAQ
(1) ?Beneficial owner? means the owner of a beneficial interest in a statutory trust or foreign statutory trust.
§ 28?3302. (b) Interest, when authorized by law, on judgments or decrees against the District of Columbia, or its officers, or its employees acting within the scope of their employment, is at the rate of not exceeding 4% per annum.
(b) A person shall not be a shareholder, director, or officer of a professional corporation or render professional services on its behalf unless the person is an individual licensed to render a professional service for which the corporation is organized; provided, that if a professional corporation has only one ...
A professional corporation may employ individuals who are not licensed, but they shall not perform professional services. No license shall be required of any person employed by a professional corporation to perform services for which a license is not otherwise required.
A beneficial owner is a person who enjoys the benefits of ownership though the property's title is in another name. Beneficial ownership is distinguished from legal ownership, though in most cases, the legal and beneficial owners are one and the same.
A beneficial owner of a reporting company (as any entity required to file a BOI report is called) is defined as any individual who, directly or indirectly, either exercises substantial control over a reporting company or owns or controls at least 25 percent of the reporting company's ownership interests.
What is a Beneficial Owner? A beneficial owner is someone who owns at least part of a property or other asset, even if its legal title is owned by someone else. That person can also vote on or otherwise influence decisions regarding transactions involving that asset or property. An example is a corporate shareholder.
The Beneficial Owner is the natural person who comes into the ultimate ownership, or who has ultimate control over the legal person directly or through a chain of ownership or control or other indirect means.