On January 1, 2026, the New York LLC Transparency Act is scheduled to take effect, introducing new disclosure requirements for limited liability companies in New York State.

The legislation will have significant implications for all LLCs formed or registered to do business in New York. Furthermore, a proposed amendment awaiting the Governor’s signature would broadly require reporting by LLCs formed or registered in New York, similar to the type of broad beneficial ownership information reporting requirements that the Treasury Department required in rules implementing the federal Corporate Transparency Act, before the Treasury limited these to foreign entities and foreign beneficial owners in a March 2025 interim rule.

Click here to read Crowell’s recent client alert about the Act.