What this is: In New York State, the Education Department's Office of the Professions requires professional entities, such as Professional Corporations (PCs), Professional Limited Liability Companies (PLLCs) and Limited Liability Partnerships (LLPs), to obtain consent before they can be formed. This process ensures compliance with state laws governing regulated professions like medicine, law, engineering and accounting. What this means: Obtaining this consent confirms that the individuals forming the entity are properly licensed in New York and that the business is authorized to provide services within its profession. This step is essential to meet legal requirements, protect public trust and ensure the integrity of professional services offered in the state.
Cogency Global is a New York-based management consulting firm that provides services such as corporate compliance and transactional legal support for businesses.