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DC law requiring identification of individuals behind LLCs takes effect

Limited liability corporations operating in D.C. will now need to report new details about their ownership structures to city officials after a law passed more than a year ago finally takes effect.

D.C.’s Department of Consumer and Regulatory Affairs will begin collecting names and addresses of any individual with at least 10% of an ownership stake in an LLC, or who controls the financial or day-to-day operations of the company. Now, anyone looking to form an LLC in the District will need to report those ownership details up front. Existing entities will need to include the disclosures in the biennial reports they file with DCRA.

The change dates back to 2018 legislation crafted by Councilwoman Elissa Silverman, I-At Large, who was hoping to expose negligent landlords hiding their identities behind a web of LLCs. Her initial bill targeted companies handling real estate, but the council broadened the legislation to include all LLCs, which drew rebukes from some in the business community.

The…

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Sonic Drive-In to open its first restaurant in Northern Virginia’s I-95 corridor

Fast-food chain Sonic Drive-In has filed plans to build a new restaurant in Prince William County, its first outpost along the Interstate 95 corridor in Northern Virginia. The 1,400-square-foot restaurant, with two drive-thru lanes, 12 pull-up ordering stalls and a dining patio, will be located at 4115 Talon Drive in Dumfries, part of the Barracks Row at Quantico commercial development less than a mile northwest of the I-95 interchange at state Route 234. The location “will constitute a flagship Sonic design that will serve as a benchmark for future restaurant drive-thru development,” according to a written narrative accompanying the application, filed by Noah Klein of Venable LLP.
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