Dose anyone have a clear definition of 'beneficial' shares? This is associated with a company issuing 'beneficial'(not prefered) shares to aquire 51% ownership in a startup company.Hi,Could you be referring to "beneficial ownership"?http://moneycentral.msn.com/investor/alerts/glossary.asp?TermID=81So common shares could be "beneficial," ownership of more than 5% of the shares (I believe it is 10% for company officers) is the determination.SEC (unclear reporting regulation)www.sec.gov/divisions/corpfin/forms/regsk.htm#ownersKeith O'MalleyTMF KGOMalley
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