NY A10251

Allows existing business corporations to convert to professional corporations for practicing professional geology by March 1, 2018, by amending their certificate of incorporation with required shareholder, director, and officer information.

Requires converted professional corporations to attach licensing authority certificates confirming each proposed shareholder, director, and officer is authorized to practice geology and has good moral character.

Allows existing business corporations to convert to design professional service corporations (D.P.C.) for practicing professional geology by March 1, 2018, with additional requirements including disclosure of ownership interests and officer titles.

Permits existing limited liability companies to convert to professional service limited liability companies for practicing professional geology by March 1, 2018, with similar licensing and moral character certification requirements.

Requires all converted entities to maintain tax clearance from the Department of Taxation and Finance and comply with all applicable professional practice regulations under education law.