limited liability corporation LLC News

New York to Require Disclosure of LLC Ownership for Law Enforcement, Regulators

Law enforcement and regulatory officials in New York will soon have access to information on the ownership behind limited liability corporations (LLCs). Governor Kathy Hochul called the LLC Transparency Act (S.995B/A.3484) a compromise agreement with the legislature that will allow …

Court Defines Insurance Broker’s Duty to Inform LLCs About Workers’ Compensation

What is the duty of an insurance broker in New Jersey to members of a limited liability corporation (LLC) when it comes to workers’ compensation coverage? The New Jersey Supreme Court this week ruled that a broker has a “non-waivable” …