§ 13.1-1112. Special provision for limited liability company engaged in practice of accounting
Before any professional limited liability company may engage in the practice of accounting in this Commonwealth, it shall first obtain and maintain any registration required for that professional limited liability company by Chapter 44 (§ 54.1-4400 et seq.) of Title 54.1. Not less than fifty-one percent of the membership interests of a professional limited liability company rendering the services of accounting shall be held by individuals or professional business entities duly licensed or otherwise legally authorized to render the services of accounting, and the remainder of the membership interests may be held only by individuals who are employees of the professional limited liability company, whether or not those employees are licensed or otherwise authorized to render professional services.
(1992, c. 574; 2000, c. 191.)
Sections: Previous 13.1-1105 13.1-1106 13.1-1107 13.1-1108 13.1-1109 13.1-1110 13.1-1111 13.1-1112 13.1-1113 13.1-1114 13.1-1115 13.1-1116 13.1-1117 13.1-1118 13.1-1119 NextLast modified: April 16, 2009