The last time we featured a notable decision on a claim for dissolution of a restaurant-operating LLC was in 2017, with a post by Frank McRoberts titled, “LLC’s Purpose Being Achieved? .
Despite a recent federal court ruling that struck down the Corporate Transparency Act (CTA) as unconstitutional, New York is moving forward with the implementation of its own similar law.
New York, N.Y. (February 21, 2024) – On December 22, 2023, New York Governor Kathy Hochul signed Senate Bill S995B, also referred to as the "LLC Transparency Act," into law.
New York is poised to impose its own set of disclosure requirements on certain businesses later this year with a new law that mirrors the federal Corporate Transparency Act (CTA). .