TheCorporateCounsel.net

It’s time again for the five-year benchmark survey run by the Commerce Department’s Bureau of Economic Analysis (BEA). This can sneak up on you because you may be required to respond even if you don’t routinely file BEA survey responses and regardless of whether the BEA contacts you. Here are some “quick facts” on the survey from this Fried Frank alert:

– The BE-10 responses are due by May 30, 2025, or by June 30, 2025 for filers with 50 or more foreign affiliates. The reporting period for the BE-10 is the company’s 2024 fiscal year.

– Reporting firms include any U.S. person that held, directly or indirectly, at least 10% of the voting interest in a foreign affiliate at the end of the U.S. company’s 2024 fiscal year.

– Requested information includes details on each of the U.S. person’s foreign affiliate’s ownership, industry classification, total sales, employment figures, exports, imports, and certain financial information

Check out our “Foreign Subsidiaries” Practice Area for more!

– Meredith Ervine