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BO stands for Business Ownership and it is a form used to report information about the ownership structure of a business.
Any business owner or entity with ownership interest in a business is required to file BO.
BO can be filled out online on the designated government portal by providing accurate information about the ownership structure.
The purpose of BO is to increase transparency and prevent money laundering by disclosing the true owners of a business.
Information such as the names, addresses, and ownership percentage of all owners must be reported on BO.
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