The LLC Transparency Act, signed into law by Governor Kathy Hochul, establishes a database of beneficial owners for LLCs in New York. Its purpose is to combat criminal activities such as wage theft and money laundering.
Hochul signed off on bills requiring limited liability corporations to reveal their owners, but scrapped legislation barring non-compete clauses and making the state publicly post emergency contracts.
The controversial bike lane on Greenpoint’s McGuinness Boulevard has been partially installed, but questions remain over the lane’s efficacy and impact on safety.