Beneficial Ownership
/ˌbɛnɪˈfɪʃəl ˈoʊnərʃɪp/
Definitions
- (n.) The right to enjoy the benefits of ownership of an asset, even if the title is in another name.
The beneficial ownership of the property rests with the individual who enjoys its profits, despite its registration under a trust.
- (n.) The identification of the natural person(s) who ultimately owns or controls a legal entity or arrangement.
Regulations require companies to disclose their beneficial ownership to prevent money laundering.
Related terms
See also
Commentary
Beneficial ownership distinguishes actual economic interest from legal title; clarity in identification is crucial for compliance and dispute resolution.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.