Get Ny Dos-1627-f 2017

The state of New York only allows licensed professionals to be members of PLLCs. In some states, only half of all members of a PLLC need to be licensed, but New York is pretty strict regarding PLLC membership.

New York law permits certain licensed professionals to form a professional corporation (PC), referred to by New York statute as a professional service corporation, to shield the personal assets of shareholders from liability for debts of the business.

Articles of Organization set forth basic information about a Limited Liability Company (LLC) including name, purpose, and business address. Once filed with and approved by the New York Department of State, the Articles of Organization legally create the LLC as a registered business entity.

How to Start a corporation in New York Choose a name for your business. ... Designate a Registered Agent in New York. ... File Your Certificate of Incorporation in New York. ... Create your Corporate Bylaws. ... Appoint your Corporate Directors. ... Hold the First Meeting of the Board of Directors. ... Authorize the issuance of shares of stock.

Section 1530(a)(l) of the Business Corporation Law requires that a foreign professional corporation whose name does not end with the words "Professional Corporation" or the abbreviation "P.C." shall in its Application for Authority additionally state the name to be used in New York State which contains its name as set ...

What is a Professional Service? Under the relevant New York law, professional service is defined only generally, as any type of personal service which may be lawfully rendered by a member of a profession within the purview of that profession. Other states' laws often provide itemized lists of professional services.

PLLCs are geared for groupings of people in professions like medicine, architecture, or law. The main difference between an LLC and a PLLC is how the company handles malpractice claims. A PLLC holds each member separately responsible for their own malpractice claims.