; (ii) owns 25 percent or more of the equity interests of a corporation or limited liability company; or (iii) receives substantial economic benefits from the assets of a corporation or limited liability company. (B) Exceptions The term beneficial owner shall not include— (i) a minor child, as defined in the State or Indian Tribe in which the entity is formed; (ii) a person acting as a nominee, intermediary, custodian, or agent on behalf of another person; (iii) a person acting solely as an employee of a corporation or limited liability company and whose control over or economic benefits from the corporation or limited liability company derives solely from the employment status of the person; (iv) a person whose only interest in a corporation or limited liability company is through a right of inheritance; (v) a creditor of a corporation or limited liability company, unless the creditor also meets the requirements of subparagraph (A); or (vi) a person whose ownership interest is below a de minimis threshold that the Secretary of the Treasury shall, by rule, establish. (C) Substantial economic benefits defined (i) In general For purposes of subparagraph (A)(ii), a natural person receives substantial economic benefits from the assets of a corporation or limited liability company if the person has an entitlement to more than a specified percentage of the funds or assets of the corporation or limited liability company, which the Secretary of the Treasury shall, by rule, establish. (ii) Rulemaking criteria In establishing the percentage under clause (i), the Secretary of the Treasury shall seek to— (I) provide clarity to corporations and limited liability companies with respect to the identification and disclosure of a natural person who receives substantial economic benefits from the assets of a corporation or limited liability company