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There is an expression we all hear frequently from our elected leaders: “Small businesses are the backbone of our economy.”

Elected officials profess their love for Main Street and tout their support of small businesses on the campaign trail. Yet their rhetoric does not always match their actions, as exemplified by a bill passed in the final days of the legislative session.

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This legislation, which makes changes to the 2023 LLC Transparency Act, requires New York’s LLCs with 20 or fewer employees to file time-consuming paperwork on an annual basis to the New York Department of State. If the state Legislature had done nothing with........

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