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Governor Signs LLC ID Bill

September 18, 2019 by helpdesk1

Residential properties owned by anonymous limited liability companies, or LLCs, will now be required to share the names and contact information for all owners, managers, and agents associated with the company at the time of a real estate transaction. North Rockland state senator James Skoufis says the governor signed the bill Monday, and without it, municipalities weren’t able to easily hold anyone responsible for code violations, illegal building or fines…

Rockland Assemblyman Ken Zebrowski says LLC rules were originally designed to help small businesses…

The law takes effect immediately and applies to one-to-four family residential real estate transactions involving LLCs.

Filed Under: News

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