Hochul May Veto Bill to Protect LLC Transparency Act

Hochul may veto bill to protect LLC Transparency Act

Two years ago, Gov. Kathy Hochul signed a bill to require limited liability companies in New York to share more information about their true owners. It’s set to take effect in two weeks, on January 1.

Hochul May Veto Bill to Protect LLC Transparency Act from Trump

Two years ago, Governor Kathy Hochul signed a bill to require limited liability companies in New York to share more information about their true owners. It’s set to take effect in two weeks, on January 1. But actions taken by President Donald Trump’s administration this spring threaten to dramatically narrow the bill’s scope. So New York lawmakers passed a new bill this year, making what they describe as minor alterations to the bill to protect …