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Evolving Federal Rules Pose Further Obstacles To NY LLC Act

By Andrew Weiner, Brian Montgomery and Deborah Thoren-Peden ( May 14, 2025, 4:42 PM EDT) -- New York state's LLC Transparency Act became law in January 2024 and takes effect on Jan. 1, 2026.[1] When it takes effect, it will require limited liability companies formed or qualified to do business in New York to report their beneficial ownership to a database created and administered by the New York secretary of state....

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