Substantial Ownership Law and Legal Definition
The definition of substantial ownership depends on the contracts and governing entities involved. For example, the Foreign Account Tax Compliance Act (FATCA) treats as US-owned any foreign entity that has at least one "substantial United States owner." Substantial ownership is defined by the bill as any US person who owns, directly or indirectly, a 10% or greater interest in a corporation or partnership.
Legal Definition list
- Substantial Misrepresentation [Education]
- Substantial Loss [Banks & Banking]
- Substantial Justice
- Substantial Interest
- Substantial Impediment to Employment [Education]
- Substantial Ownership
- Substantial Part
- Substantial Performance
- Substantial Personal Injury or Illness
- Substantial Presence Test
- Substantial Professional Experience
