News & Analysis as of

Disclosure Requirements Reporting Requirements New York

Trusaic

New York City Is Proposing a Pay Data Reporting Requirement

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The New York City Council is proposing a bill (Int. No. 982) that would require employers to disclose pay data. Under the law, employers with more than 25 employees working in New York City will be required to report to the...more

Vicente LLP

New York LLC Transparency Act Update

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Enacted in 2021, the Corporate Transparency Act (CTA) took effect on January 1, 2024. With this act, Congress intended to combat illicit activity by requiring certain US businesses to disclose ownership information to FinCEN....more

Jones Day

New York's LLC Transparency Act: What You Need to Know

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On March 1, 2024, New York State Governor Kathy Hochul signed into law a revised version of New York State's LLC Transparency Act, which is modeled on FinCEN's Beneficial Ownership Information Rule. Other states are...more

Mintz - Venture Capital & Emerging Companies...

Important Updates to the New York LLC Transparency Act

Clients with Limited Liability Companies in New York Likely Impacted - The New York LLC Transparency Act (NYLTA) has recently been amended. The key take-aways are as follows: Effective Date has been pushed back a...more

DarrowEverett LLP

Ready for More Corporate Transparency? Understanding the NY LLCTA

DarrowEverett LLP on

Despite the fact that its constitutionality is currently in legal limbo, the federal Corporate Transparency Act has already had an impact rippling through a number of business sectors, thanks in no small part to the wave of...more

Perkins Coie

Get Ready for the New York LLC Transparency Act

Perkins Coie on

On March 1, 2024, New York Governor Kathy Hochul signed an amended version of the New York LLC Transparency Act (NYLTA), which was originally signed with provisions for amendments in December 2023. The NYLTA will go into...more

Seyfarth Shaw LLP

New York LLC Transparency Act: What You Need to Know

Seyfarth Shaw LLP on

On December 22, 2023 the State of New York adopted the New York LLC Transparency Act (as amended to date, the “NY LLCTA”). The NY LLCTA in many respects follows the federal Corporate Transparency Act (together with any...more

Fox Rothschild LLP

NY Is First State to Mandate LLC Ownership Disclosures

Fox Rothschild LLP on

New York has finalized its own set of disclosure requirements on limited liability companies, or LLCs, similar to those mandated by the federal Corporate Transparency Act (CTA). This makes New York the first state to impose...more

Mintz - Venture Capital & Emerging Companies...

Compliance with the New York LLC Transparency Act Necessary for Many Mintz Clients

Clients with Limited Liability Companies in New York Likely Impacted - New York Governor Kathy Hochul recently signed the New York LLC Transparency Act (NYLTA) into law. The act, which will become effective on December 21,...more

Foley Hoag LLP

The New York LLC Transparency Act (“NYLTA”) is Coming

Foley Hoag LLP on

Governor Kathy Hochul signed the law in December 2023 setting out disclosure requirements for limited liability companies (“LLCs”) organized or doing business in New York and creating a database of beneficial owners of New...more

Cadwalader, Wickersham & Taft LLP

Nowhere to Run to Baby, Nowhere to Hide: An Overview of the New York LLC Corporate Transparency Act and Its Disclosure...

If you thought you could hide behind your LLC in this new year, think again. Governor Kathy Hochul signed the New York LLC Corporate Transparency Act (the “Act”), which will go into effect in late 2024....more

Morgan Lewis

New York State: Healthcare Entities Must Disclose Certain Material Transactions

Morgan Lewis on

As part of the New York State budget for fiscal year 2023–2024, the New York State Assembly amended the New York Public Health Law to impose new notification requirements related to material transactions involving physician...more

Wilson Sonsini Goodrich & Rosati

New Pay Transparency Laws in California and New York City Impose Disclosure Obligations for Any Position That Can Be Performed in...

California and New York City are joining Colorado and Washington state in imposing pay range disclosures in job postings. On November 1, 2022, covered employers will be required to include the salary range in a job posting...more

Pillsbury Winthrop Shaw Pittman LLP

New York State Fashion Act Proves That ESG Is Haute Couture

Continuing the recent trend of promoting sustainability and accountability among businesses, the proposed legislation would change the way in which major players in the fashion industry approach their operations....more

Fox Rothschild LLP

New York Targets Fashion Industry With Proposed Sustainability and Social Accountability Legislation

Fox Rothschild LLP on

In the latest example of the government attempting to regulate the environmental and social impact of public and private businesses, the New York Legislature is considering legislation that targets the fashion industry. If...more

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