Massachusetts H501 mandates LLCs to disclose beneficial owners to the state secretary.
Massachusetts H501 requires limited liability companies (LLCs) and foreign LLCs to disclose beneficial owners to the state secretary. Beneficial owners must provide personal information, including name, date of birth, address, and unique identifying numbers. LLCs must also identify the number and location of properties owned by each beneficial owner. The bill mandates that LLCs amend their filings to reflect changes in beneficial ownership. The disclosed information becomes public record.
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- Critical Issues
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