Question 1

What is the State Transparency Report Kit?

Accepted Answer

The kit maps your entity details to the state-level transparency disclosure laws that apply to you. Federal BOI filing for US domestic companies ended under FinCEN's 2025 interim rule, and states are filling the gap — New York's LLC Transparency Act is enacted, and similar bills are proposed in other states. The kit identifies which duties apply, cites the controlling statutes, and walks you through what each law actually requires.

Question 2

Is federal BOI filing still required?

Accepted Answer

No for US domestic companies. FinCEN's interim final rule (March 2025) removed domestic companies from the Corporate Transparency Act's beneficial-ownership reporting requirement; only certain foreign companies remain in scope. State-level transparency laws are a separate matter — New York's LLC Transparency Act (NY LLC Law § 1106) is enacted and phases in from January 1, 2026.

Question 3

Which states currently have transparency disclosure laws?

Accepted Answer

As of this writing, New York's LLC Transparency Act is enacted (effective January 1, 2026 for newly formed LLCs; January 1, 2027 for existing ones). Disclosure bills have been proposed in other states — including California- and DC-style proposals — but are not enacted law. The kit distinguishes enacted duties from proposed legislation and cites each source so you can verify.

Question 4

What information does a state transparency disclosure typically require?

Accepted Answer

State transparency acts generally follow the beneficial-ownership model: for each individual owning 25%+ or exercising substantial control, expect to disclose name, address, and identifying details. Exact requirements vary by state — the kit maps the specifics for your formation state and cites the controlling statute for each item.

Question 5

Does the $149 kit include update reminders?

Accepted Answer

Yes. The kit includes reminders to re-check your state disclosure duties when ownership changes or when a proposed state bill is enacted — state transparency legislation is moving quickly and duties can appear mid-year.

State Transparency Report Kit

Company Information

Ownership & Disclosure Status

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