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Is there a background check required on each partner in a partnership or each >10% shareholder in a corporation?

April 26, 2017Background check corporation partner partnership shareholder

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Is there a background check required on each partner in a partnership or each >10% shareholder in a corporation?

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Yes, per Section 1909(d), “The same permit and criminal history information required of individual applicants shall be provided for each officer, director, and stockholder holding >10% of stock of the corporation, or for each partner, including limited partners.”