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NYS Corporation Laws
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Limited Liability Corporations

 
A. 1943 by Assembly member Peoples-Stokes, and S.4125 by Senator LaValle, authorizes certain licensed health service professionals to form limited liability companies.

Eleven health professions, including NYSOTA, have joined together in a coalition called the Ad Hoc Coalition of Title VIII Health Services Professions. The coalition has drafted a bill to amend the limited liability company law, the business corporation law, the partnership law, the public health law and the education law, to allow certain licensed health professionals to form limited liability companies. The intent of the bill is to allow physicians and healthcare professionals to jointly own LLCs.

Those who are included are Chiropractors (Article 132), Pharmacists (Article 137), Midwives (Article 140), Podiatrists (Article 141), Optometrists (Article 143), Ophthalmic Dispensing (Article 144), Psychologists (Article 153) Social Workers (Article 154), Massage Therapists (Article 155), Occupational Therapists (Article 156), Speech language pathologists and audiologists (Article 159).

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