KYB beneficial-ownership: handling LLCs owned by trusts?
Posted by alex_compliance — April 22, 2026 — 8 replies
We're verifying a business where the parent LLC is owned by a revocable trust. Evolve's beneficial-ownership flow keeps asking for individuals — but the legal owner is the trust. How are others handling this?
Switch the verification flow into the "complex structure" path: in the API, set ownership_structure: "complex" when creating the business verification session. That unlocks fields for trust beneficiaries, settlors, and trustees, plus an option to upload the trust deed for our manual reviewers.
For trusts specifically, FinCEN/equivalent regulators want disclosure of trustees plus beneficiaries with ≥25% beneficial interest, not the trust as a legal entity. So the flow asks for individuals at one layer up. The Identity docs / KYB / Complex structures page covers the field mapping.
That worked. Worth flagging that the dashboard UI still defaults to the simple flow for new sellers — would be great if it auto-detected based on the entity type. Filed feedback.