Hey there!
If you’re a business owner with a foreign parent company, you may be required to file the BE-12 benchmark survey. This survey is conducted by the Bureau of Economic Analysis (BEA) every five years and collects information on the financial and operating data of U.S. affiliates of foreign multinational enterprises.
What is the BE-12 benchmark survey?
The BE-12 benchmark survey is a survey conducted by the Bureau of Economic Analysis (BEA) every five years. It collects information on the financial and operating data of U.S. affiliates of foreign multinational enterprises. The survey covers fiscal years ending in 2022.
Who has to file the BE-12 benchmark survey?
The BE-12 benchmark survey is required for all U.S. affiliates in which a foreign person or entity owns or controls, directly or indirectly, 10 percent or more of the voting securities if an incorporated U.S. business enterprise, or an equivalent interest if an unincorporated U.S. business enterprise.
What information do they ask for on the BE-12 benchmark survey?
The BE-12 benchmark survey collects a wide range of information, including:
- Financial data, such as assets, liabilities, sales, and expenses
- Operating data, such as employment, wages, and productivity
- Information on the ownership structure of the U.S. affiliate
- Information on the products and services produced by the U.S. affiliate
Why is the BE-12 benchmark survey important?
The BE-12 benchmark survey is important because it provides the BEA with valuable data on the size and economic significance of foreign direct investment in the United States. The data collected on the survey is used to track changes in foreign direct investment over time and to assess its impact on the U.S. economy.
How do I file the BE-12 benchmark survey?
The BE-12 benchmark survey can be filed online or by mail. The BEA website has a helpful guide on how to file the survey.
Need help filing the BE-12 benchmark survey?
We can help you file the BE-12 benchmark survey quickly and easily. We have a team of experienced professionals who can help you collect the necessary information, complete the survey, and file it on time.
Contact us today to get started!
The deadline to file the BE-12 benchmark survey is June 30, 2023. Don’t wait, contact us today to get started!
The deadline to file the BE-12 benchmark survey is June 30, 2023. If you need help filing the survey, we can help! We have a team of experienced professionals who can help you collect the necessary information, complete the survey, and file it on time.
Contact us today to get started!
SimplyLegal does not provide any legal, tax, investment, financial, or other advice. The content on this site or video is provided for informational purposes only and should not be interpreted as legal, tax, financial or other advice. The content provided therein is not intended to be a substitute for professional legal advice, tax advice, investment advice, or other professional advice. You should not act or refrain from acting on the basis of any content on this site or video without seeking appropriate legal, tax, investment, financial, or other advice from a licensed professional in the relevant jurisdiction. SimplyLegal expressly disclaims all liability in respect to actions taken or not taken based on any or all of the content on this site or video. Any information provided by SimplyLegal is for informational purposes only and should not be construed as any form of advice. We are not a registered broker, broker-dealer, financial advisor, financial planner, investment advisor, investment manager, or registered investment advisor. We do not provide any legal advice and make no representation that any information or statements contained herein are complete, or current. You must conduct your own independent research and due diligence to determine whether any investment, security, strategy, or course of action is appropriate for you. You should consult with a qualified financial advisor or other professional advisor who is licensed and knowledgeable in relevant areas. You should also independently verify the accuracy of any information contained herein. SimplyLegal, its owners, affiliates, and its personnel do not guarantee any profits, losses, or other results, and are not liable for any losses or damages sustained due to any investment, strategy, or course of action undertaken. Investing involves risk, including the potential for loss. All investments involve varying degrees of risk, and there is no assurance that any investment or strategy will be profitable. The information contained herein is subject to change without notice. SimplyLegal reserves the right to modify or discontinue this service at any time.