N.Y. Limited Liability Company Law § 1304: Foreign professional service limited liability company

§ 1304. Foreign professional service limited liability company. No

foreign professional service limited liability company shall engage in

any profession or carry on, or conduct or transact any other business or

activities in this state other than the rendering of the professional

services or the carrying on, or conducting or transacting of any other

business or activities for which it is formed and is authorized to do

business in this state; provided that such limited liability company may

invest its funds in real estate, mortgages, stocks, bonds or any other

type of investments; provided, further, that a foreign professional

service limited liability company (i) authorized to practice law may

only engage in another profession or other business or activities in

this state or (ii) which is engaged in a profession or other business or

activities other than law, may only engage in the practice of law in

this state, to the extent not prohibited by any other law of this state

or any rule adopted by the appropriate appellate division of the supreme

court or the court of appeals.