Effective July 1, Assembly Bill 10336 makes changes to the Not-For-Profit Corporation law. No corporation except a corporation that has no members, shall have a membership comprised of fewer than three persons. A corporation may have a corporation, joint-stock association,
New York – Appraisal Management Companies
Effective April 27, Article 6-H requires that real estate appraisal management companies must register with the Department of State. More information can be found by reading the bill at the link below. https://nyassembly.gov/leg/?default_fld=&leg_video=&bn=S09080&term=2017&Summary=Y&Actions=Y&Text=Y
New York – Charitable Solicitation Requirement
Assembly Bill 2688 adds a requirement to charitable solicitation. Any solicitation used by or on behalf of any charitable organization shall include a statement identifying the website and telephone number of the New York state office of the attorney general
New York – LLC Political Expenditures
Assembly Bill 00776 amends law to include limited liability companies that make expenditures for political purposes in the requirement to disclose direct and indirect owners of membership interest with percentage owned to the state board of elections. https://nyassembly.gov/leg/?default_fld=&leg_video=&bn=A00776&term=2019&Summary=Y&Text=Y
New York – Not-for-Profit Corporation Law
Assembly Bill 10534 amends the not-for-profit corporation law, in relation to directors of controlled corporations serving on designated audit committees of the controlling corporations. https://nyassembly.gov/leg/?default_fld=&leg_video=&bn=A10534&term=2017&Summary=Y&Actions=Y&Text=Y
New York – Non-For-Profit Conversions
Effective November 28, 2016 through May 28, 2017, Bill 8116 allows certain non-for-profit corporations to convert to for-profit corporations. The purpose of the bill is to allow corporations that inadvertently registered as a not-for-profit entity to convert to a for-profit
New York – NYC Tax Deadline Changed
Effective September 20, the City of New York unincorporated business tax filings for partnerships and proprietorship is due the 15th day of the fourth month after the tax year end. http://nyassembly.gov/leg/?default_fld=&leg_video=&bn=A10266&term=2015&Summary=Y&Memo=Y&Text=Y
New York – Not-For-Profit Corporations
Effective September 29, the not-for-profit corporation act has been updated regarding the organization of subsidiaries by the land bank. http://nyassembly.gov/leg/?default_fld=&leg_video=&bn=A07529&term=2015&Summary=Y&Text=Y
New York – Organizational Tax; Taxes on Changes of Capital
Section 180 of the Tax Law Organizational tax; taxes on changes of capital was repealed by Chapter 59 of the Laws of 2014. Effective January 1, 2015 the Department of State will not collect a tax on shares when forming
New York – SB 7762 Charitable Corporations
Senate Bill 7762 (Chapter 321) signed by the governor and effective August 11 authorizes certain corporations with both charitable and business purposes to elect to be a non-charitable corporation. http://assembly.state.ny.us/leg/?default_fld=&bn=S07762&term=2013&Summary=Y&Text=Y