Pia Hallidri’s Post

While the federal Corporate Transparency Act's constitutionality remains in limbo, there are a number of states, including New York, that are implementing state-level transparency laws. In our latest DE Insight, Kevin Constantine gives us the 411 on the New York LLC Transparency Act, answering many of the FAQs businesses will be raising as a result. #corporatetransparencyact #newyork #corporatelaw #DEinsights #nyllcta https://lnkd.in/e7wfqidf

While the federal Corporate Transparency Act's constitutionality remains in limbo, there are a number of states, including New York, that are implementing state-level transparency laws. In our latest DE Insight, Kevin Constantine gives us the 411 on the New York LLC Transparency Act, answering many of the FAQs businesses will be raising as a result. #corporatetransparencyact #newyork #corporatelaw #DEinsights #nyllcta

While the federal Corporate Transparency Act's constitutionality remains in limbo, there are a number of states, including New York, that are implementing state-level transparency laws. In our latest DE Insight, Kevin Constantine gives us the 411 on the New York LLC Transparency Act, answering many of the FAQs businesses will be raising as a result. #corporatetransparencyact #newyork #corporatelaw #DEinsights #nyllcta https://lnkd.in/dNAUCT7K

While the federal Corporate Transparency Act's constitutionality remains in limbo, there are a number of states, including New York, that are implementing state-level transparency laws. In our latest DE Insight, Kevin Constantine gives us the 411 on the New York LLC Transparency Act, answering many of the FAQs businesses will be raising as a result. #corporatetransparencyact #newyork #corporatelaw #DEinsights #nyllcta https://lnkd.in/eVrTsQ5h

🚨Update: Alabama's federal court declared the Corporate Transparency Act (CTA) unconstitutional. This has immediate impacts for some, but not all, businesses as of March 1, 2024. 🔍 Highlights: - Government appeals decision. - CTA still in place for entities not part of the lawsuit. - Opens potential for further legal challenges. 🔗 Curious about how this affects you or your business? Learn more via the link below. https://lnkd.in/gQhxvcHg

The reporting requirements of the New York LLC Transparency Act largely mimic that of the federal Corporate Transparency Act, but there are some important distinctions for businesses in New York to understand to ensure compliance with this law. Kevin Constantine provides answers to several key questions about the NY LLCTA in our latest DE Insight. #corporatetransparencyact #newyork #corporatelaw #DEinsights #nyllcta https://lnkd.in/dFhFupzu

The reporting requirements of the New York LLC Transparency Act largely mimic that of the federal Corporate Transparency Act, but there are some important distinctions for businesses in New York to understand to ensure compliance with this law. Kevin Constantine provides answers to several key questions about the NY LLCTA in our latest DE Insight. #corporatetransparencyact #newyork #corporatelaw #DEinsights #nyllcta

Check out some new commentary from me in Bloomberg about NY's proposed LLC transparency law.

Do you have an LLC formed or registered to do business in New York? Starting in 2026, the LLC Transparency Act will require an annual beneficial ownership filing. Check out this overview of the law and how it compares with the federal Corporate Transparency Act. #CTA #NY

When #congress passed the Corporate Transparency Act in 2021, legislators took #bipartisan action to put an end to America's embarrassing reputation as a magnet for #moneylaundering. The reason for that reputation is that the U.S.---unique among leading nations---does NOT require corporations to disclose their owners. (What mischief could that possibly lead to?) On Friday, a federal judge in Alabama ruled that the law is unconstitutional, concluding that Congress lacked the power to enact it. For now, let's not debate the legal merits---though most observers reasonably expect the district court's order will not survive an appeal. Instead, consider the impact of striking down the #corporatetransparencyact, from the mouth of Ian Gary, head of the FACT Coalition, an anticorruption group: "This is a pro-crime, pro-drug cartel, pro-fentanyl ruling which undermines the rule of law and allows criminals to use anonymous shell companies to hide their dirty money from law enforcement." Well said. The stakes are high.