Bill Would Require California Business Owners to Disclose Identities
The legislation faces fierce opposition from a number of business groups.
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The legislation faces fierce opposition from a number of business groups.
Sen. Maria Elana Durazo in Los Angeles wants the public to know who actually owns the company behind the LLC.
A California lawmaker wants to require limited liability companies and similar businesses to report the identities of their owners to the government. Such information would be available for public view.
A SoCal lawmaker wants to require business owners and landlords to disclose their identities under legislation aimed at cracking down on opaque ownership structures that have enabled some companies to skirt state laws without facing consequences.
Sen. Maria Elana Durazo in Los Angeles wants the public to know who actually owns the company behind the LLC.