Ownership interest in a company refers to the rights and benefits that an individual or entity holds in a business. This can include shares of stock, membership units in an LLC, or any other equity interest that grants the holder certain rights such as voting, dividends, or a share in the profits and losses of the company. Ownership interest can be direct, where the individual holds the interest in their name, or indirect, through intermediaries or holding companies. Identifying ownership interests is crucial for BOI reporting as it helps to determine who the beneficial owners are. Clear documentation of ownership interests ensures accurate and compliant reporting.