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S U M M A R Y O F CI T Y O F BE V E R L Y H I L L S R E N T R E G U L A T I O N S (C HA P T E R 6) F r e q u e n t l y A s k ed Q u e s t i o n s On January 24 and February 21, 2017, the City Council
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What is s u m m?
SUMM stands for Statement of Ultimate Beneficial Ownership.
Who is required to file s u m m?
Corporations, LLCs, and other legal entities with ultimate beneficial owners are required to file SUMM.
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SUMM can be filled out online or in paper form, providing information about the ultimate beneficial owners of the entity.
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The purpose of SUMM is to disclose the individuals who ultimately own or control a legal entity.
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Information such as the name, address, and percentage of ownership of each ultimate beneficial owner must be reported on SUMM.
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