The U.S. Bureau of Economic Analysis ("BEA") imposes mandatory reporting requirements upon U.S. persons and businesses with a 10% or more ownership interest in a foreign business, U.S. Businesses that are themselves 10% or more foreign-owned, and U.S. service sector businesses that transact with foreign parties. These reporting requirements can be triggered by both direct and indirect cross-border business ownership interests and are applicable whether a business enterprise is incorporated or not.