News & Analysis as of

Limited Liability Company (LLC) Governor Cuomo

Sheppard Mullin Richter & Hampton LLP

New York Targets Members of Out-of-State LLCs in New Wage Theft Bill

Effective February 10, 2020, the top ten members of an out-of-state limited liability company (“LLC”) can be held personally liable for violations of New York’s wage and hour laws. The bill, signed on December 12 by Governor...more

Bond Schoeneck & King PLLC

Multi-Member LLC Disclosure Requirements in Transfer of Real Estate

On September 16, 2019, Governor Cuomo signed a new limited liability company disclosure bill requiring greater transparency in real estate dealings. Previously, only single-member LLCs were required to disclose the name of...more

Skadden, Arps, Slate, Meagher & Flom LLP

New York Governor Signs Bill Closing ‘LLC Loophole’

On January 24, 2019, New York Gov. Andrew Cuomo signed a bill closing the “LLC loophole,” as discussed in our January 22, 2019 mailing....more

Skadden, Arps, Slate, Meagher & Flom LLP

New York State Bill to Close ‘LLC Loophole’ Awaits Governor’s Signature

On January 14, 2019, the New York state legislature passed A. 776 (the bill), which is designed to close the “LLC loophole” in state campaign contribution laws that treats LLCs as individuals, rather than corporations. New...more

Robinson & Cole LLP

New York Labor Law Amendments Put LLCs and Their Members on the Front Line

Robinson & Cole LLP on

The New York State Legislature passed a bill on June 19, 2013, intended to update New York’s labor law, including the Wage Theft Protection Act (WTPA). The bill (A 8106-C, S5885-B), signed into law by Governor Andrew Cuomo on...more

Littler

Key Changes to New York's Wage Theft Prevention Act Become Law

Littler on

After a delay of nearly six months, on December 29, 2014, New York Governor Andrew Cuomo signed into a law a bill (A 8106-C, S5885-B) that amends the state's Labor Law, including the Wage Theft Prevention Act (the WTPA), and...more

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