California

Lawmaker Targets California Companies That Hide Ownership

To boost transparency, a state senator’s bill would require LLCs, or limited liability companies, to identify their owners.
Lawmaker Targets California Companies That Hide Ownership
State Sen. Maria Elena Durazo speaks at the 2019 Women's March in Los Angeles on Jan. 19, 2019. Araya Diaz/Getty Images for Women's March Los Angeles
Jill McLaughlin
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A California state senator wants the state to require limited liability companies to disclose ownership information with a new bill.

Sen. Maria Elena Durazo (D-Los Angeles), author of Senate Bill 1201, called it a “good governance” bill that would provide more transparency about business owners.
Jill McLaughlin
Jill McLaughlin
Author
Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.