Own 10% or More of a Private Fund or a Foreign Business?

Own 10 percent or more of a private fund or a foreign business?

June 28, 2016 | By Keith Martin in Washington, DC

US law requires all US individuals and legal entities who own 10% or more of a foreign business or private portfolio fund and all foreign individuals and legal entities who own 10 percent or more of a US business or private fund portfolio to file mandatory surveys with the US government department of Bureau of Economic Analysis (“BEA”).