Bill > S03350

This bill expands the ability of licensed health service professionals to form professional service limited liability companies (PLLCs) and professional service corporations, allowing for multidisciplinary practices where professionals from different licensed fields can work together under one business entity. Previously, certain professions were restricted in their ability to form these types of companies or were limited to practicing only their specific profession within the company. This legislation, by amending laws related to limited liability companies, business corporations, and partnerships, permits professionals licensed under various articles of the education law, including physicians, dentists, veterinarians, engineers, architects, and mental health counselors, to form PLLCs and other business structures that offer multidisciplinary services. The bill sets conditions for these multidisciplinary practices, ensuring that each member is licensed in their respective profession, practices only within the scope of their license, and that no member interferes with another's clinical judgment or practice. It also clarifies that these multidisciplinary practices can pool fees and monies received, aligning with existing provisions for other professional business structures.