The owners of certain residential properties in New York can no longer shield their identities from the state using anonymous LLCs. Legislation signed by Gov. Andrew Cuomo last Friday and effective immediately requires LLCs involved in real estate transactions in the state to disclose the identities of all owners, managers and agents associated with the company. The change marks a small step toward greater transparency in New York’s real estate industry, which is rich with […]
source https://therealdeal.com/2019/09/20/owners-of-some-residential-properties-cant-hide-behind-llcs-anymore/
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