June 26th 2023
The Real Deal
As legislation awaits Gov. Kathy Hochul’s signature, New York City residential brokers are pushing back against measures that would expose the ownership of limited liability companies.
State lawmakers advanced the proposed law, dubbed the LLC Transparency Act, to the governor’s desk on Tuesday. If approved, the bill would require the names of LLC owners and the addresses of their businesses to be published in a publicly searchable database maintained by the Department of State.
https://therealdeal.com/new-york/2023/06/26/brokers-cry-privacy-in-pushback-on-bill-exposing-llcs/