The number of individuals that satisfy this definition of "beneficial owner" may vary. Under section (i), depending on the factual circumstances, up to four individuals (but as few as zero) may need to be identified. Regardless of the number of individuals identified under section (i), you must provide the identifying information of one individual under section (ii). It is possible that in some circumstances the same individual might be identified under both sections (e.g., the President of Acme, Inc. who also holds a 30% equity interest). Thus, a completed form will contain the identifying information of at least one individual (under section (ii)), and up to give individuals (i.e., one individual under section (ii) and four 25 percent equity holders under section (ii).
The financial institution may also ask to see a copy of a driver's license or other identifying document for each beneficial owner listed on this form.
Persons opening an account on behalf of a legal entity must provide the following information:
a. Name and Title of Natural Person Opening Account:
____________________________________________
b. Name and Address of Legal Entity for Which the Account is Being Opened:
____________________________________________
