April 17, 2018
"LLCs (Limited Liability Companies) exist in a legal gray area, where they can act as both corporations, but also act almost as if they are an individual or partnership. And so we need this specific language to make sure that we limit their aggregate donations, but also not allow them to act as the pure alter ego of an individual or a set of individuals because how easily it is to create multiple LLCs or multiple alter egos," said Assemblymember Robert C. Carroll while speaking on a bill that would require LLCs that make contributions for a political purpose to file with the New York State Board of Elections. (A.9758-A)