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*SB0322.3* Reprinted February 28, 2017SENATE BILL No. 322 ___ DIGEST OF SB 322 (Updated February 27, 2017 3:51 pm DI 106) Citations Affected: IC 1013; IC 3337; IC 3533; IC 3538. Synopsis: DNA for
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SB 322 is a California Senate Bill that requires certain businesses to report specified information regarding their ownership structure to enhance transparency and accountability.
Businesses operating in California with limited liability entities, such as LLCs and corporations, are required to file SB 322.
To fill out SB 322, businesses need to provide details about their ownership structure, including information about owners and managing members. The form can typically be completed online or via paper submission.
The purpose of SB 322 is to improve public access to information about the true owners of businesses, thereby preventing fraud and promoting accountability.
The information that must be reported includes names, addresses, and ownership percentages of all individuals or entities that hold ownership interests in the business.
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