The New York State Capitol building in Albany, New York. Photo: dennizn/Adobe Stock Lawmakers Introduce Legislation to Bring Transparency to New York LLCs
The bill would require LLCs to reveal their owners and would establish a public database. Personal information, however, would be protected.
March 02, 2022 at 05:45 PM
3 minute read
Legislation
Democratic lawmakers in Albany have introduced legislation that would require limited liability companies to disclose the names and addresses of their beneficial owners to the New York Department of State, in a measure that may help to uncover the assets of some international purchasers of New York City real estate.
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