Bill
Bill > A03546
NY A03546
NY A03546Eliminates the requirement that limited liability companies publish their articles of organization and that certain partnerships publish their registrations; establishes the department of state modernization fund.
summary
Introduced
01/28/2025
01/28/2025
In Committee
01/28/2025
01/28/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the limited liability company law and the partnership law, in relation to certain publication requirements and fees; to amend the state finance law, in relation to establishing the department of state modernization fund; to repeal subdivision (a-1) of section 102 and section 206 of the limited liability company law and subdivision (a-1) of section 121-101 of the partnership law, relating to affidavits of publication; to repeal subdivision (s) of section of the limited liability company law and subdivision (f) of section 121-1300 of the partnership law, relating to fees for filing certificates of publication; to repeal subdivision (b) of section 802, paragraph 2 of subdivision (c) of section 1203 and subdivision (d) of section 1306 of the limited liability company law and subdivision (c) of section 121-201, subdivision (d) of section 121-902, paragraph (II) of subdivision (a) of section 121-1500 and paragraph (II) of subdivision (f) of section 121-1502 of the partnership law, in relation to publication requirements; to repeal subdivision (e-1) of section 102 of the limited liability company law and subdivision (a-2) of section -101 of the partnership law, relating to certificates of publication; and to repeal subdivision 4 of section 23.03 of the arts and cultural affairs law, relating to theatrical production company publication requirements
AI Summary
This bill eliminates the requirement for limited liability companies (LLCs) and certain partnerships to publish their organizational documents in newspapers, replacing this physical publication mandate with electronic publication requirements. The bill requires the Department of State to make all filed business formation documents electronically available on its state register website in a fully searchable format, and mandates that the Department of Law publish these documents on its "NY Open Government" website within seven days of receiving them. The bill introduces a $50 fee for electronic publication of documents and establishes a new Department of State Modernization Fund to support the modernization and security of the department's public-facing website. Additionally, the bill removes various existing provisions related to publication requirements and affidavits for LLCs and partnerships, streamlining the business formation process by transitioning from print to digital documentation. The changes aim to make business registration information more accessible, transparent, and cost-effective by leveraging digital platforms instead of requiring costly newspaper publications.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
referred to corporations, authorities and commissions (on 01/28/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/A3546 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03546&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03546 |
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