On March 1, 2024, New York State Governor Kathy Hochul signed a revised version of the state’s LLC Transparency Act (NY LLCTA) into law. This law was modeled after the Federal Corporate Transparency Act (CTA). The CTA requires reporting companies to report the...
New reporting requirements for LLCs will begin to take effect in 2024 under the Corporate Transparency Act, a federal law aimed at preventing money laundering that was passed in 2021. The penalties for failure to comply with these requirements potentially include a...
