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Bill > S06483
NY S06483
NY S06483Eliminates 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
03/14/2025
03/14/2025
In Committee
01/07/2026
01/07/2026
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 print newspapers, replacing this with a mandate for electronic publication. Specifically, the bill requires the New York Department of State to make all filed organizational documents available on its state register website in a fully searchable format and to transmit copies to the Department of Law for additional online publication. The bill also establishes a new Department of State Modernization Fund, which will be financed by a $50 fee for electronic document publication. The new electronic publication requirements apply to various types of business entities, including domestic and foreign LLCs, professional service LLCs, limited partnerships, and limited liability partnerships. Additionally, the bill repeals several existing legal provisions related to physical publication requirements and publication fees. The goal appears to be modernizing business registration processes by moving from traditional print publication to more accessible and cost-effective online platforms, while also creating a dedicated fund to support technological improvements in the state's business registration system.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS (on 01/07/2026)
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/S6483 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S06483&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S06483 |
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