The D.C. Council unanimously approved a bill that requires major disclosures from individuals with ownership interests in any limited liability corporation in the District, a move expected to create sweeping implications for the business community.
The bill requires any individual with at least a 10 percent interest or authority to make financial or day-to-day decisions to be disclosed on LLC business filings.
LLCs in the District are currently required to only provide information about the registered…
