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Small business owners should consult legal experts about coming changes in laws, regulations

A 2023 survey revealed that around ten percent of American small business owners view government regulations as their biggest problem, marking an increase from the previous year when it was five percent. In this article from the Rochester Business Journal, HSE attorney Vittoria L. Buzzelli, sheds light on the recently passed LLC Transparency Act and the potential impact it will have on New York business owners. This new law, which awaits the signature of Gov. Cathy Hochul, requires LLCs to disclose their beneficial owners in an effort to prevent illegal activities like money laundering and tax evasion.

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