The saga of the New York LLC Transparency Act keeps changing. As the Governor recently signed a new law changing several key provisions of the Act, this article will serve to supplement our article from April 11, 2024, notating relevant changes. For those of you following, this is my fifth...
The new federal Corporate Transparency Act (CTA) has been in effect for the past few months. A three-part series which was previously published on this website reviewed the many provisions of this law. In short, the CTA was enacted in order to combat fraud, money laundering, tax evasion, organized crime...
By Helen D. (Heidi) Reavis and Michael D. Utevsky Headline The New York Legislature passed the LLC Transparency Act (the “Act”) (S.B. S995B) in June and if Governor Kathy Hochul signs the bill into law, domestic or foreign LLCs that are operating in New York will be required to disclose their beneficial...