New York LLC Transparency Act (NYLTA) Beneficial Ownership Reporting | Practical Law

New York LLC Transparency Act (NYLTA) Beneficial Ownership Reporting | Practical Law

A Practice Note providing an overview of the beneficial ownership reporting requirements under the New York LLC Transparency Act (NYLTA), requiring certain limited liability companies (LLCs) to report information about their beneficial owners and applicants to the New York State Department of State. This Note discusses the reporting requirements, exemptions from the requirements, and penalties for failure to comply.

New York LLC Transparency Act (NYLTA) Beneficial Ownership Reporting

Practical Law Practice Note w-042-0426 (Approx. 14 pages)

New York LLC Transparency Act (NYLTA) Beneficial Ownership Reporting

by Practical Law Real Estate
MaintainedNew York
A Practice Note providing an overview of the beneficial ownership reporting requirements under the New York LLC Transparency Act (NYLTA), requiring certain limited liability companies (LLCs) to report information about their beneficial owners and applicants to the New York State Department of State. This Note discusses the reporting requirements, exemptions from the requirements, and penalties for failure to comply.