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Design Professional Service Corporation
Posted by: Laurie Stanziale
November 29, 2011
Move over LLC, LLP and P.C., come January 1, 2012, you might start to see some new initials following the names of design professional firms in New York State.
D.P.C.
A Design Professional Service Corporation is the newest member of the New York corporate family, recently signed into law by Governor Cuomo. The law allows New York licensed professional firms, such as architects, engineers and land surveyors to consist of a minority (less than 25%) share of non-licensed owners. Previously, New York State required that all owners of a design firm be licensed. This is viewed as a big win for design professionals who have been lobbying for this change for quite some time. They believe it will enable them to be more competitive in the industry since many other states do not have the requirement that 100% of the design firm owners be licensed.
