If the business is not a sole proprietorship, it has its own existence. The fact that the owner of the business may profit (or lose) from its operation is not material to how you fill out the CTR. The owner is listed as the transactor (in 1B) but NOT as a person benefiting from the transaction (1A). You complete section 1A about the business only, and section 1B about the individual.
Only if the owner is the sole proprietor would you list him/her in section 1A (and in that case, you would not list him/her in section 1B).
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8