“Citizens have a right to know who they’re dealing with, whether it be in government or private enterprise.

But that’s not the case when it comes to Limited Liability Companies, or LLCs.”

“Anonymous shell companies have been a popular vehicle for money laundering, tax evasion, organized crime, terrorism and other forms of corruption for decades. Yet, as the bill notes,

establishing an LLC requires less personal information than getting a library card. That’s why it’s important for Gov. Kathy Hochul to sign the Limited Liability Companies Transparency Act, passed by both the Assembly and Senate , which would require these special kinds of business organizations to publicly identify the owners to the state and to the public registry run by the Department of State.”