Prohibits city agencies in a city having a population of one million or more from contracting with a limited liability company unless such limited liability company discloses the names and addresses of persons having limited liability for the contractual obligations and other liabilities of the company.
Summary
S06354 would amend the New York City Administrative Code to bar city agencies from entering into contracts for goods, services, construction, or leases with a limited liability company unless the company first provides a written disclosure of the names and addresses of the persons who have limited liability for the company’s contractual obligations and other liabilities. In practical terms, the bill creates a disclosure condition for LLC vendors seeking city contracts in New York City, which is the only city covered by the bill’s population threshold.
The bill is aimed at increasing transparency in city procurement by requiring LLCs to identify the individuals behind the entity’s limited-liability structure. It would apply to city agencies and to LLCs doing business with them, and it would take effect 90 days after becoming law. The measure does not appear to change the general law governing LLC formation or liability; instead, it adds a contracting restriction specific to city government procurement.
Impact
The bill would add a new section 6-102-a to the New York City Administrative Code, creating a procurement rule that city agencies may not contract with an LLC unless the LLC discloses the names and addresses of persons with limited liability for the company’s obligations. This would affect vendors, contractors, and suppliers seeking city business, and would give city agencies a new compliance requirement before awarding contracts. Because the caption specifies cities with a population of one million or more, the practical effect is focused on New York City rather than statewide municipal contracting.
Sentiment
No committee transcript or recorded vote information is available, so there is no direct evidence of support or opposition in the provided materials. Based on the bill text alone, the measure appears to be framed as a transparency and accountability proposal rather than a substantive change to business law. The absence of recorded debate or votes means the overall sentiment cannot be reliably assessed from the supplied record.
Contention
The main potential point of contention is whether requiring LLCs to disclose the names and addresses of persons with limited liability is an appropriate procurement condition or an unnecessary burden on businesses seeking city contracts. Supporters would likely view the disclosure as a transparency measure to help the city know who stands behind its vendors, while critics may argue it could discourage participation, raise privacy concerns, or duplicate information already available through other filings. Because no discussion transcript is provided, the specific positions of legislators, agencies, or stakeholders are not documented here.
Same As
Prohibits city agencies in a city having a population of one million or more from contracting with a limited liability company unless such limited liability company discloses the names and addresses of persons having limited liability for the contractual obligations and other liabilities of the company.
Prohibits city agencies in a city having a population of one million or more from contracting with a limited liability company unless such limited liability company discloses the names and addresses of persons having limited liability for the contractual obligations and other liabilities of the company.
Prohibits city agencies in a city having a population of one million or more from contracting with a limited liability company unless such limited liability company discloses the names and addresses of persons having limited liability for the contractual obligations and other liabilities of the company.
Amends existing law to provide that the organizer of a limited liability company may use the street and mailing addresses of a company's commercial registered agent.
Amends existing law to provide that the organizer of a limited liability company may use the street and mailing addresses of a company's commercial registered agent in certain circumstances.