Current location:business >>
Who owns businesses in California? A lawmaker wants the public to know
business1People have gathered around
IntroductionSACRAMENTO, Calif. (AP) — A California lawmaker wants to require business owners and landlords to di ...
SACRAMENTO, Calif. (AP) — A California 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.
Limited liability companies and similar corporations in the United States are often formed to protect a business owner’s personal assets. In California, the world’s fifth largest economy, such businesses are already required to register with the Secretary of State and share information including the name of the business, its address and the names of its executives or representatives.
But Democratic state Sen. Maria Elana Durazo said that that’s not enough. She also wants the public to know who actually owns the company. Her bill would require these companies to list anyone who owns at least 25% of the company’s assets on its registration with the state. It would apply to all LLCs and similar corporations regardless of the size.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Planet Pages news portal”。http://elsalvador.izmirambar.net/article-80c699247.html
Related articles
Devout Christian doctor, 68, who punched dementia
businessAn 'arrogant' doctor who punched a vulnerable patient for making a racist comment and spitting at hi ...
【business】
Read moreHow Los Angeles police are fighting back against organized retail theft
businessHow Los Angeles police are fighting back against organized retail theft 08:27 ...
【business】
Read moreCould this be an answer to YOUR blemish
businessThe skin isn't just your body's largest organ, it's also the most visible. This makes any breakouts ...
【business】
Read more
Popular articles
- The government wants to buy their flood
- Callaghan Innovation wants to cut staff, focus on money
- McDonald's praised for innovative ad that smells exactly like classic item on their menu
- Michigan approves 'extremely toxic' copper mine just 100ft from Lake Superior
- Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
- Michigan approves 'extremely toxic' copper mine just 100ft from Lake Superior
Latest articles
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
How Lulu still looks fabulous at 75, from her skincare 'golden rule' to refusing to take lifts
More than 200 US chemical plants must reduce toxic emissions under new EPA rule
What REALLY happened the night of OJ Simpson and Kris Jenner allegedly hooked up in the hot tub
Jon Wysocki dead at 53: Staind drummer passes away
Piece of 5,800lb battery pallet tossed from NASA's ISS crashes through Florida home
LINKS
- Offensive depth has Rangers on verge of sweep, Avalanche and Oilers each up 2
- Ceddanne Rafaela homers, drives in 7 runs to lead Boston's 17
- Patriots spent NFL draft focused on offense, adding QB and support around him
- Carlos Rodón pitches 6 strong innings and Yankees hit 4 homers in a 15
- Two Russian journalists jailed on 'extremism' charges for alleged work for Navalny group
- A strong magnitude 6.1 earthquake shakes Indonesia's Java Island, felt in Jakarta
- Kyle Busch win the pole for NASCAR Cup race at Dover Motor Speedway
- Haliburton breaks tie with 3
- Kyle Busch win the pole for NASCAR Cup race at Dover Motor Speedway
- Demi Lovato chops her hair and goes for a lighter brunette color as she shows off her fresh chin