Eliminates certain publication requirements for limited liability companies and limited liability partnerships; repealer

Summary

The legislation eliminates the statutory requirement that limited liability companies and limited liability partnerships publish formation notices in newspapers. Instead, the Department of State must post formation, amendment and dissolution documents online and forward them to the Department of Law for posting on the NY Open Government site. It changes how all LLCs, LLPs, foreign LLCs and professional service LLCs disclose basic information to the public.

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