Pennsylvania Public Disclosure Form BCO-23 is a crucial document required by the Pennsylvania Department of State for certain business entities operating within the state. It serves as a means of transparency and accountability by providing detailed information about the entities' operations, management, and financial transactions to the public and governmental agencies. This form aims to promote responsible business practices and ensure compliance with relevant laws and regulations. The Pennsylvania Public Disclosure Form BCO-23 covers various aspects of a business entity's operations, including but not limited to the following: 1. Business entity identification: The form captures essential company details such as the legal name, trade name (if any), registered office address, and principal place of business. 2. Management and governance: It requires information about the entity's directors, officers, managers, and other key decision-makers. This includes their names, titles, addresses, and roles within the organization. 3. Ownership structure: The form compels the disclosure of ownership details, including the names and addresses of shareholders, members, partners, or other entity types. Additionally, it may require information on the percentage of ownership held by each individual or entity. 4. Financial information: BCO-23 necessitates financial disclosures, such as the entity's total authorized capital, issued and outstanding shares, assets, liabilities, revenue, and net income. These details provide an overview of the entity's financial health and aid in assessing its viability. 5. Other disclosures: The form may also require additional information such as the purpose of the business, nature of its activities, licenses and permits held, and any pending legal actions involving the entity. It is important to note that Pennsylvania Public Disclosure Form BCO-23 may have variations or distinct subtypes depending on the business entity's structure and classification. For instance: 1. Pennsylvania Public Disclosure Form BCO-23 for Corporations: Corporations, whether they are domestic or foreign entities, are required to file a specific version of BCO-23 tailored to their unique reporting requirements. 2. Pennsylvania Public Disclosure Form BCO-23 for Limited Liability Companies (LCS): LCS, being a popular business structure, have a specialized version of Form BCO-23 catered to disclose the necessary details concerning their formation, management, and governing body. 3. Pennsylvania Public Disclosure Form BCO-23 for Partnerships: Partnerships, including general partnerships, limited partnerships, and limited liability partnerships, would utilize a distinct iteration of BCO-23 to disclose their pertinent information accordingly. By accurately completing and submitting the Pennsylvania Public Disclosure Form BCO-23, business entities fulfill their legal obligations in providing transparency to the Pennsylvania Department of State, potential investors, and the public. This promotes accountability, instills trust, and ensures compliance with the state's regulatory framework.