Answer to Question #256915 in Finance for Adol

Question

The beneficial owner of a legal person is define as- 1)more than 25%ownership in a company 2)more than 15%of capital/profit in an unincorporated association. 3) more than 15%of capital/profit in an partnership firm. 4) Author, trustee and beneficiaries with 15%or more interest in a trust

Answer 1

3) more than 15%of capital/profit in an partnership firm.