Formation and Reporting Requirements

17.	Which of the following pieces of information does your state require for-profit corporations to include in their articles of incorporation and periodic reports? By "require," we mean that a company formation or report processing would be delayed until the information was provided.
	(Check all that apply in each row.)

		Require for articles only	Require for reports only	Require for both articles and reports	Not required for articles or reports	No response
17a.	Officers' names
17b.	Officers' addresses
17c.	Directors' names
17d.	Directors' addresses
17e.	At least one beneficial owner's name (By "beneficial owner", we mean the person or persons with the ultimate financial interest in a corporation and who ultimately own or exercise ultimate effective control over a corporation.)
17f.	At least one beneficial owner's address

18.	Which of the following pieces of information does your state require LLCs to include in their articles of organization and periodic reports? By "require," we mean that a company formation or report processing would be delayed until the information was provided.
	(Check all that apply in each row.)

		Require for articles only	Require for reports only	Require for articles and reports	Not required for articles or reports	No response
18a.	Managers' names or managing members' names
18b.	Managers' or managing members' addresses
18c.	At least one member's name (By "member", we mean the person or persons with the ultimate financial interest in an LLC and who ultimately own or exercise ultimate effective control over an LLC.)
18d.	At least one member's address

19.	How much would each of the following increase or decrease if all states collected information on beneficial owners (for corporations) or members (for LLCs)?
	(Check all that apply in each row.)

		Greatly increase	Moderately increase	Stay about the same	Moderately decrease	Greatly decrease	No opinion	No response
19a.	Time to approve company formations
19b.	Fees charged for company formations
19c.	Number of companies formed in the state
19d.	Information available to the public
19e.	Information available to law enforcement officials and courts

	19f. What additional comments, if any, do you have about your responses to Question 19? (If you reach the end of the text box and need to type more, please continue; the box will scroll forward as needed.)

20.	When persons or entities from outside the United States seek to form a company in your state, does your state have the same or different requirements compared to those for persons or entities from inside the United States?
	(Check only one answer.)
	1.		Same requirements (Click here to go to Question 21.)
	2.		Different requirements (Please explain below.)
	3.		No response (Click here to go to Question 21.)

	20a. How do the requirements differ for persons or entities from outside the United States? (If you reach the end of the text box and need to type more, please continue; the box will scroll forward as needed.)

---

Full Report: GAO-06-376

Table of Contents | Previous | Next