New York LLC Transparency Act: Key Owner Reporting Requirements

Beginning January 1, 2026, New York LLCs must report beneficial ownership information under the NY LLC Transparency Act. Most LLCs will be affected, facing fines up to $500 per day for noncompliance. Business owners should identify beneficial owners, review exemptions, and stay updated on regulations to ensure compliance.

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Boost Your Business: Top Reasons to Start an LLC in New York or New Jersey

When it comes to selecting the right legal structure for your business in New York or New Jersey, the expertise of a business lawyer is invaluable. One option that offers numerous advantages, as confirmed by business lawyers regularly dealing with corporate law issue, is the Limited Liability Company (LLC).

In this article Russo Law LLC founder and business lawyer Lou Russo will explore five compelling reasons why to consider using an LLC to operate your business in New York or New Jersey regardless of whether for a startup or a small business.

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