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SOUTH JERSEY T TRANSPORTATION P LANDING O ORGANIZATION UNIFIED PLANNING WORK P PROGRAM FISCAL YEAR 2017 SOUTH JERSEY TRANSPORTATION PLANNING ORGANIZATION FY 2017 UNIFIED PLANNING WORK PROGRAM Draft
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What is s o u t?
The acronym s o u t stands for Statement of Ultimate Ownership.
Who is required to file s o u t?
Entities with ultimate beneficial ownership are required to file Statement of Ultimate Ownership (s o u t).
How to fill out s o u t?
S o u t can be filled out online through the designated platform provided by the regulatory authority.
What is the purpose of s o u t?
The purpose of s o u t is to disclose the ultimate beneficial ownership structure of an entity to improve transparency and combat money laundering and tax evasion.
What information must be reported on s o u t?
S o u t requires reporting of details of individuals or entities with more than a certain percentage of ownership in the reporting entity.
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