ALERT [Updated Feb. 19, 2025]: Beneficial ownership reporting is back in effect with a new deadline of October 26, 2025. Companies must comply by this date or face severe penalties, including fines of $592 per day, up to two years in prison, and a $10,000 fine for willful failure to file.
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New York LLC Transparency Act
Compliance Made Simple
Starting January 1, 2026, most New York LLCs must disclose their ownership details to the Department of State. NYLTA.com™ is
New York's first dedicated compliance platform built to help you file securely, accurately, and on time — so you can stay in good standing without the stress of government paperwork.
You’ll be directed to our secure NYLTA pre-registration page.
🔒 Secure & Encrypted Submission | Takes Less Than 2 Minutes
NYLTA.com™ — Trusted by business owners and professionals across New York.
Important NYLTA Information
New York LLC Ownership Disclosure
Effective January 1, 2026, most New York LLCs — including foreign LLCs registered to do business in the state — must disclose ownership information to the New York Department of State.
Non-compliance may result in fines, suspension of good standing, or loss of authority to conduct business in New York.
Who must file: All active New York LLCs and foreign LLCs registered in the state (unless exempt)
What is required: Disclosure of beneficial ownership information for members or managers
Filing method: Reports must be submitted directly to the New York Department of State
Penalties: Failure to file may result in state-imposed fines of up to $500 per day, suspension of good standing, or loss of authority to conduct business in New York.
Information provided for general informational purposes only and does not constitute legal advice.
Useful Information
Find answers to the most common questions about the New York LLC Transparency Act and how NYLTA.com™ can help you stay compliant.
1. What is the New York LLC Transparency Act (NYLTA)?
The NYLTA, effective January 1, 2026, requires most limited liability companies (LLCs) formed or registered to do business in New York to disclose their beneficial ownership information to the New York Department of State (NYDOS).
The law aligns with federal efforts to increase transparency and prevent the use of shell companies for illicit activity.
2. Who is required to comply with NYLTA?
All LLCs formed in New York or foreign LLCs registered to do business in the state must file a beneficial ownership disclosure, unless they qualify for one of the 23 exemptions listed under the federal Corporate Transparency Act (CTA).
3. What is a ‘beneficial owner’?
A beneficial owner is any individual who either:
● Directly or indirectly owns 25 percent or more of the ownership interests of the LLC, or
● Exercises substantial control over the company (for example, a managing member or executive).
4. What information needs to be reported?
Each beneficial owner’s:
● Full legal name
● Date of birth
● Current business or residential address
● A unique identifying number (e.g., from a driver’s license or passport)
5. Is the information submitted under NYLTA public?
No. Under the New York LLC Transparency Act, beneficial ownership information will be maintained in a secure, non-public database by the New York Department of State.
The information is not publicly available, except in limited cases — for example, if required by law enforcement, pursuant to a court order, or with the LLC’s consent. LLCs may also apply for a confidentiality exemption if disclosure could create a privacy or safety risk.
6. Are there exemptions?
Yes — but they are narrow. The NYLTA exemptions mirror those in the federal CTA, including:
● Banks, credit unions, and insurance companies
● SEC-registered entities
● Large operating companies with more than 20 full-time employees, $5 million + in annual revenue, and a physical U.S. office
⚠️Bottom line: Most small businesses and real-estate LLCs do not qualify for exemptions.
Follow 3 Step Filing Process
01
LLC Details
Enter your LLC details through NYLTA.com™ to begin your filing. Our platform uses encryption and advanced fraud prevention to keep your business information secure.
02
We Prepare Your Filing
Our automated system organizes your ownership data and generates the required NYLTA report. You’ll review it for accuracy before submission.
03
Submit & Stay Compliant
We securely transmit your filing to the New York Department of State and provide reminders for updates, helping you maintain good standing year-round.
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This platform is not affiliated with the U.S. Government, the New York Department of State, or the Financial Crimes Enforcement Network (FinCEN).
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NYLTA.com™ is a compliance technology platform. We are not affiliated with the U.S. Government, the New York Department of State, or the federal Corporate Transparency Act (CTA) / Financial Crimes Enforcement Network (FinCEN). We do not provide legal, financial, or tax advice. Information on this website is for general informational purposes only. Use of this website is subject to our Terms of Service and Privacy Policy.
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