Code of Virginia - Title 13.1 Corporations - Chapter 13 Virginia Professional Limited Liability Company Act

13.1-1100 Reservation of power to amend or repeal
The General Assembly shall have the power to amend or repeal all or part of this chapter at any time and all domestic and foreign ...

13.1-1101 Legislative purpose
It is the legislative intent to provide for the association of a group of individuals and professional corporations, professional limited liability companies, or other business ...

13.1-1101.1 Practice of certain professions by limited liability companies
Unless otherwise prohibited by law or regulation, the professional services defined in subsection A of § 13.1-1102 may be rendered in this Commonwealth by: 1. ...

13.1-1102 Definitions
A. As used in this chapter: "Professional business entity" means any entity as defined in § 13.1-603 that is duly licensed or otherwise legally authorized ...

13.1-1103 Who may become a member
One or more individuals or professional business entities (i) duly licensed or otherwise legally authorized to render the same professional services other than those of ...

13.1-1104 Use of initials "P.L.C.," "PLC," "P.L.L.C." or "PLLC" in company name
Any professional limited liability company as defined in § 13.1-1102 may, but is not required to, use the initials "P.L.C.," "PLC," "P.L.L.C." or "PLLC," or ...

13.1-1105 Certificate of authority for foreign professional limited liability company
A. Notwithstanding any other provision of this chapter, a foreign professional limited liability company, organized under the laws of a jurisdiction other than the Commonwealth ...

13.1-1106 Merger with foreign professional limited liability company or foreign professional corporatio...
Any limited liability company organized under this chapter may merge with one or more foreign professional limited liability companies that have obtained a certificate of ...

13.1-1107 How limited liability company may render professional services; nonprofessional employees and agent...
No limited liability company organized under this chapter may render professional services except through its members, managers, employees, independent contractors, and agents who are duly ...

13.1-1108 Professional law limited liability company may qualify as executor, administrator or in other fiduc...
A professional limited liability company engaged in the practice of law, as a part of the practice of law, may act as an executor, trustee ...

13.1-1109 Professional relationships not affected; liability for debts, etc., of limited liability company, i...
The provisions of this chapter shall not be construed to alter or affect the professional relationship between a person furnishing professional services and a person ...

13.1-1110 Professional limited liability company not to engage in other business; investment of fund...
No professional limited liability company organized under this chapter may engage in any business other than the rendering of the professional services for which it ...

13.1-1111 Qualifications of members and managers; special provisions for limited liability companies renderin...
Not less than two-thirds of the membership interests of a professional limited liability company rendering the services of architects, professional engineers or land surveyors, or ...

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 ...

13.1-1113 Registration certificate required for limited liability company engaged in practice of la...
Before any professional limited liability company may engage in the practice of law in this Commonwealth, it shall first obtain and maintain a registration certificate ...

13.1-1114 Description unavailable
Repealed by Acts 1994, c. 349. ...

13.1-1115 Transfer of membership interests
A. No member of a professional limited liability company organized under this chapter may sell, assign in whole or in part, or otherwise transfer that ...

13.1-1116 Disqualification of member, manager, agent or employee
If any member, manager, agent or employee of a professional limited liability company organized under this chapter who has been rendering professional service to the ...

13.1-1117 Conversion into nonprofessional company; disposition of membership interests of deceased or disqual...
A. A professional limited liability company organized under this chapter shall continue until dissolved in accordance with other provisions of this chapter or the provisions ...

13.1-1118 Management
Unless the articles of organization or an operating agreement provides for management of a professional limited liability company by a manager or managers, management of ...

13.1-1119 Description unavailable
Repealed by Acts 2002, ch. 346. ...

13.1-1120 Income and property taxes
All professional limited liability companies organized or qualifying under the provisions of this chapter shall be treated for income tax purposes under the provisions of ...

13.1-1121 Merger
A professional limited liability company operating pursuant to the terms of this chapter may merge with one or more corporations, limited liability companies, or domestic ...

13.1-1122 Application of Chapter 12 of this title
The provisions of Chapter 12 (§ 13.1-1000 et seq.) of this title shall be applicable to professional limited liability companies organized under the provisions of ...

13.1-1123 Coordination with other provisions of Virginia Code
For purposes of all sections of this Code other than sections in Chapter 7 (§ 13.1-542 et seq.) and in this chapter, whenever the term ...