Lyft has agreed to pay the state of New York $300,000 to settle claims that it is running a for-hire livery service in violation of state and municipal laws.

The agreement comes just under a year after the company was sued by New York State Attorney General Eric Schneiderman and is the latest in a string of legal rulings and agreements that are slowly bringing regulation to the so-called “sharing economy.”

The original complaint was filed just four months after Lyft began providing service in Buffalo and Rochester and centered around allegations that Lyft failed to require its drivers to hold commercial licenses, carry adequate insurance and comply with local for-hire licensing rules.

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