B582, “The Fiscal Year 2020 Budget Support Clarification Second Emergency Amendment Act of 2019”, enacted January 22, 2020, amends the provisions regarding entity formation, registration and report filings to require that the following information we be required, as of January 1, 2020: the names, residence and business addresses of each person whose aggregate share of direct or indirect, legal or beneficial ownership of a governance or total distributional interest of the entity exceeds 10 percent; or does not exceed 10 percent, provided, that the person controls the financial or operational decisions of such entity or has the ability to direct the day-to-day operations of such entity. For more information see the FAQ on the DCRA website. (Click on Business Registration/Corporate Registration FAQs: Process)
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