A new bill may go after LLCs in real estate. Congresswoman Carolyn Maloney said she’s hoping to introduce a bipartisan bill that would force every LLC to reveal its owners, the New York Post reported. LLCs can be used to purchase real estate anonymously, which has allowed celebrities to stay under the radar but also facilitated criminal activity. Since LLCs, which provide tax incentives and a shield from liability, were legalized in New York State […]
source https://therealdeal.com/2019/01/23/this-congresswoman-is-taking-on-llcs-in-real-estate/
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