Corporate Transparency Act of 2020

By Stanley E. Bloch and Ryan P. Boylan

Seyfarth Synopsis: 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 regulations promulgated thereunder, the “CTA”). However, one material

Continue Reading New York LLC Transparency Act: What You Need to Know

By Ingrid C. Manevitz and Kristin Pendergrass

Seyfarth Synopsis: The Corporate Transparency Act of 2020 (“CTA”) took effect on January 1, 2024 (“Effective Date”), impacting many privately held corporations, limited liability companies, and other similar entities. At a high level, the goal of the CTA and its associated beneficial ownership information regulations (“BOI Regulations”) is to penetrate through layers

Continue Reading Complying with the Corporate Transparency Act of 2020: Guidance for New York Cooperatives and Condominiums