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Form BEST is a form required by certain regulatory authorities to report beneficial ownership information for legal entities.
Entities that meet specific criteria related to their ownership structure and business activities, particularly those that engage in regulated transactions, are required to file Form BEST.
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The purpose of Form BEST is to enhance transparency in business operations by disclosing the individuals who ultimately own or control the entity.
Information required on Form BEST includes the identity of beneficial owners, their ownership percentages, and any other relevant data that establishes their connection to the entity.
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