New York LLC Beneficial Ownership Disclosure

(NYLTA Filing)

Beginning in 2026, New York LLCs will be required to submit detailed beneficial ownership information under the New York LLC Transparency Act (NYLTA) and related reporting rules.

This filing is often referred to as the Beneficial Ownership Information Report (BOIR) and it’s designed to make business ownership more transparent and accountable.

NYLTA.com provides a secure e-filing platform that helps business owners, CPAs, and attorneys in New York prepare and submit BOIR data accurately and on time.

What Is A Beneficial Ownership Information Report (BOIR)?

A Beneficial Ownership Information Report (BOIR) is a disclosure document that identifies the individuals who ultimately own or control an LLC or similar entity. Under transparency requirements, New York LLCs must report:

Full legal name of each beneficial owner

Date of birth

Residential address

Government-issued ID information (such as driver’s license or passport)

Ownership percentage or description of substantial control

This information is filed with the appropriate authority and must be kept current and accurate.

Who Must File under the NYLTA?

In general, a filing is required if:

Your company is a limited liability company (LLC) formed in New York, or

Your entity is registered to do business in New York, and

It is not covered by a specific exemption under state or federal rules.

In practice, this means:

Single-member LLCs

Multi-member LLCs

Professional LLCs

Holding and real estate LLCs

Small business LLCs formed for services, retail, or consulting

Most active New York LLCs should assume they will need to file unless a qualified professional confirms otherwise.

What Information Do You Need to Prepare?

Before you e-file through NYLTA.com, gather the following:

Legal name of the LLC and any DBAs

Business EIN (if applicable)

Names, home addresses, and dates of birth for all beneficial owners

A clear copy of each owner’s government-issued ID

Ownership percentages or description of control (managing member, manager, etc.)

Having this information ready ensures a fast and smooth BOIR e-filing experience.

How E-Filing Works on NYLTA.com

NYLTA.com is built specifically for New York transparency compliance.

The e-filing process is designed to be simple:

Click "File Now" to begin your filing

Enter your entity details
Confirm your exemption status

Add beneficial owner information using guided form fields

Government-issued ID information
(driver’s license, state ID, or passport)

Review and confirm the accuracy of your report

Submit and receive a digital confirmation receipt for your records

Our system is built to reduce errors, keep data secure, and provide clear documentation for audits or future updates.

Why Use NYLTA.com?

01

Security First

All ownership and ID data is encrypted in transit and at rest.

02

Optimized for New York

Built around NYLTA and New York-specific filing needs.

03

Supports Multiple Owners & Entities

Ideal for CPAs and law firms handling many LLCs.

04

Documentation & Receipts

Every submission generates confirmation and exportable records.

Keeping Your Information Up to Date

Beneficial ownership information is not a one-time task.

When ownership changes, managers change, or control structures shift, your filing will need to be updated.

NYLTA.com helps you:

Update owner information

Track previous filings

Maintain a clear history of changes for compliance purposes

BOIR, NYLTA, and Federal Transparency Rules

Many New York LLC owners have questions about how BOIR under NYLTA relates to federal transparency rules. While exact regulatory details continue to evolve, the general trend is clear:

Governments are increasing focus on beneficial ownership disclosure

New York is implementing NYLTA to complement broader transparency efforts

Filing early and accurately positions your company as proactive and compliant

When in doubt, business owners should consult with a qualified attorney or CPA.

NYLTA.com is a technology platform that helps execute the filing process but does not provide legal or tax advice.

FAQ – New York LLC Beneficial Ownership Disclosure

Do all New York LLCs need to file a BOIR?

Yes. All active LLCs formed or operating in New York must submit a NYLTA Beneficial Ownership Disclosure or an Exemption Attestation.

Will beneficial owner data be 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.

What happens if I don’t file a BOIR?

Failure to file under the NYLTA can result in civil penalties and administrative action by the Department of State, including:

● Fines of up to $500 per day for each day the report is late

● Suspension or annulment of the LLC’s authority to conduct business in New York

● Possible loss of good standing or inability to open bank accounts and enter into contracts

Can a CPA or attorney E-File for my LLC?

Yes. NYLTA.com is built to support multi-client filing, allowing professionals to manage submissions for their clients.

Don’t be last — start your Beneficial Ownership Information Report e-filing today with NYLTA.com.

Start My E-Filing

🔒 Your information is encrypted and securely stored.

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.