Do you need to collect and document information about individuals that have beneficial ownership in a company? If so, then you should check out the Beneficial Ownership Form Template from WPForms.
Use this form template to help you enhance transparency, accountability, and integrity in your business transactions.
What Goes Onto a Beneficial Ownership Form?
A Beneficial Ownership Form gathers information about an individual or entity that ultimately controls or benefits from a company. It assists in preventing the misuse of legal entities for illicit purposes, such as hiding assets, evading taxes, or facilitating criminal activities.
So, this form collects the beneficiary’s personal information, the nature of their company ownership, and more.
First, the form user enters the name of the beneficiary owner, followed by the beneficiary’s date of birth, address, email, and phone number.
Next, the form user describes the nature of the beneficiary’s ownership, followed by the percentage of ownership. The form user will also provide the source of the beneficiary funds, along with the relationship to the entity.
Lastly, the form user checks a box declaring that the information provided is true and accurate to the best of the beneficial owner’s knowledge, and then signs and submits the form. If you’re unfamiliar with using the signature field, don’t worry. We’ve included some tips and links within the form builder to help you get the most out of this field.
This form template includes the essential fields for a Beneficial Ownership Form. But, depending on the specific requirements of the form or the organization, additional fields are easy to include.
Get started with WPForms today to create and customize your own Beneficial Ownership Form. Signing up with WPForms gives you access to this and thousands of other pre-made templates.
