ALERT [Updated Feb. 19, 2025]: Beneficial ownership reporting is back in effect with a new deadline of November 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.
NYLTA.com™
New York LLC Transparency Act
Compliance Made Simple
Starting January 1, 2026, all New York LLCs—active or exempt—must file under the New York LLC Transparency Act (NYLTA).
NYLTA.com™ is New York’s first dedicated compliance platform built to help you file securely, accurately, and on time—so your business stays in good standing without the stress of government paperwork.
You’ll be directed to our free 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, all New York LLCs — including foreign LLCs registered to do business in the state — must file under the New York LLC Transparency Act (NYLTA) with the Department of State.
Every LLC is required to submit either a Beneficial Ownership Disclosure or an Exemption Attestation, confirming its filing status.
Non-compliance may result in state-imposed 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 to do business in the state. Even entities that qualify for an exemption must still file an Exemption Attestation confirming their status.
What is required: Submission of either a Beneficial Ownership Disclosure or an Exemption Attestation to the New York Department of State.
Filing method: All filings must be submitted electronically through the state’s designated NYLTA filing portal. NYLTA.com™ helps ensure your submission is complete, secure, and on time.
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 do 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 New York LLC Transparency Act (NYLTA), effective January 1, 2026, requires all New York LLCs—including foreign LLCs registered to do business in the state—to file ownership information with the New York Department of State (NYDOS).
Every LLC must submit either a Beneficial Ownership Disclosure or an Exemption Attestation, confirming its compliance status under the law.
The NYLTA aligns with federal transparency efforts to prevent the use of anonymous or shell companies for illicit activity and to strengthen trust in New York’s business environment.
2. Who is required to comply with NYLTA?
All LLCs formed in New York and foreign LLCs registered to do business in the state are required to comply with the New York LLC Transparency Act (NYLTA).
Every LLC must file either a Beneficial Ownership Disclosure or an Exemption Attestation with the New York Department of State — even if the company qualifies for one of the 23 exemptions outlined 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 (from a driver’s license, passport, or other government-issued ID)
🔒 Note: All information is securely submitted to the New York Department of State on your behalf.
Exempt entities must then file a brief Attestation of Exemption confirming their qualifying status.
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, over $5 million in annual U.S. revenue, and a physical U.S. office
⚠️ Important:
Even if your LLC qualifies for an exemption, you are still required to file an Exemption Attestation with the New York Department of State, which we file for you.
⚠️ Bottom line:
Most small businesses, real-estate holding LLCs, and single-member LLCs do not qualify for exemptions and must file a Beneficial Ownership Disclosure instead.
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.