Who owns businesses and rentals in California? A lawmaker wants the public to know

By TRÂN NGUYỄN | The Associated Press

SACRAMENTO – A California lawmaker wants to require business owners and landlords to disclose their identities under legislation aimed at cracking down on opaque ownership structures that have enabled some companies to skirt state laws without facing consequences.

Limited liability companies and similar corporations in the United States are often formed to protect a business owner’s personal assets. In California, the world’s fifth largest economy...