Existing United States Federal customer due diligence require us to collect information as relates to your Beneficial Ownership. Thus in certain instances, we are required to verify Beneficial Ownership in order to verify your account.
What business structure is required to add a Beneficial Owner(s)?
Sole proprietorships: No (exempt)
Uni-corporated association: No (exempt)
Trust: No (exempt)
Corporation: Yes (if owns 25% or more)
Publicly traded corporations: No (exempt)
Non-profits: No (exempt)
LLCs: Yes (if owns 25% or more)
Partnerships, LP's, LLP's: Yes (if owns 25% or more)
When adding a beneficial owner to your account, you will be asked to provide personal information for the owner, and upload identity documentation for that owner. For more information on identity document upload requirements, click here. If you're experiencing issues uploading an identity document, we encourage you to review our troubleshooting tips here.
EquityMultiple is required to collect information on owners, where applicable, on every beneficial owner who owns 25% or more of your entity.